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Gold/Mining/Energy : Alta Gold
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To: Francois H. Gaston who wrote (544)3/26/1998 9:33:00 AM
From: Bruce McGaughey  Read Replies (2) of 749
 
"Until the end of March we will have the
effect of windows dressing by fund managers. That's all. No real correction yet. Too
many are expecting it, and that is why it will not happen,... yet. Summer and Fall are
looking better for a correction, IMHO"

Good point, Francois.
What really scares me is that the regulatory officials have taken
the collars off the market.
50 points used to be where they'd turn off the computers.
Now, it's something like 10 % before the collar goes on.
I don't know why they changed the rules.
Maybe they forgot 1987.

BUT......the money keeps going into the mutual funds and those
managers have to buy something with all that cash.

Yes, we're due for a correction....a big one.
Who knows when, though.
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