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Re: opnion post# 210692

Friday, 02/27/2004 12:23:02 PM

Friday, February 27, 2004 12:23:02 PM

Post# of 704019
I actually am a fairly simple chart reader. I like p&f b/c it mutes most of the "noise" and just lets me focus on the big picture although i do know it has its drawbacks.... For gold, the short term picture is we are testing the quad top breakout from 396 and are possibly in the midst of a shakeout pattern (short term sell signal within a very bullish pattern remaining above the bullish support line)- the shakeout pattern would be broken if another sell signal is given at 376, until then I will be using a possible pullback to 380-385 or thereabouts over the next couple of weeks as a fairly good risk/reward buy to add to my gold holdings.

Regards

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