AI
Friday, January 14, 2005 12:01:12 AM
Interesting Chart Pattern Similarities
Gold lagging behind but following Commodities which is being led to the upside by Oil and breaking above 50DMA.
Similar action in ETF based funds where Materials are lagging behind but following Utilities which is being led to the upside by Energy and breaking above 50DMA.
Transports and Russ2K leading the way down followed closely by the COMP, NAS100, DJIA, Wilshshire and S&P... All Breaking below their 50DMA's.
Moral of the story is get out of stocks and get into Gold, Commodities, Energy and Natural Resources...
Gold lagging behind but following Commodities which is being led to the upside by Oil and breaking above 50DMA.
Similar action in ETF based funds where Materials are lagging behind but following Utilities which is being led to the upside by Energy and breaking above 50DMA.
Transports and Russ2K leading the way down followed closely by the COMP, NAS100, DJIA, Wilshshire and S&P... All Breaking below their 50DMA's.
Moral of the story is get out of stocks and get into Gold, Commodities, Energy and Natural Resources...
**Happy Trading**
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