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Post# of 704019
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rossi

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rossi

Re: None

Wednesday, 10/20/2004 10:16:38 AM

Wednesday, October 20, 2004 10:16:38 AM

Post# of 704019
till some ways to POG's breakout
by: Casual_Techwatcher 10/20/04 07:30 am
Msg: 449035 of 449121

The real hurdle is the 428.20 fix on 1/12/04. Today's AM fix was 421.70, still quite some distance before any breakout.

Even though it is a mere 7 dlrs from the Jan high, there are layers of stiff resistance along the way. If history is any guide, it would not be easy to punch through it during the first trial. It is more likely to stop short of that area, retreat for a few days before relaunching.

Goldbugs should refrain from getting overexcited at this juncture.

JMHO
Casual Techwatcher
10/20/04
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