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Up, Up, Up and Away
posted on
May 29, 2009 07:25AM
A major chart development has occurred in the XAU Index. The 500 and 1000 day moving average lines of persistent resistance have fallen. What was for so long a strong fortification of the bear operators is now history. We may retest these new support levels later on but the good news is that their line has been overrun and they are scattering. Eat my shorts paper shorts.
