Forum Archive Index - January 2004
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[sharechat] POG TA - ref Mon 26/1
Plan A activiated;
26/1 post copied below
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(Projections:
>
> Plan A - assuming USD strength continues (my TA on USDX says 89-94 range
>is
> target resistance trendline - currently 86.5), then, expect to see the
>POG
> 100MA at $395 and that'll be enough to spook the weak hands for a retest
>of
> the all important S2 line at 378, and below that the 200MA about 373 ...
> always a strong. Response: Buy progressively into weakness, accelerating
> accumulation as each support fails and if a turn occurs, convert all dry
> powder for the ride back up.
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