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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 671.91

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Nov 14 4:00 PM EST

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To: Lee Lichterman III who wrote (17112)	6/13/1999 1:42:00 AM
From: bobby beara	Read Replies (2) of 99985

Lee, that's very possible and I would look at the UK gold sale announcement as a failed inverted H&S pattern and the index should now go to new lows. however, it hasn't and gold has. i'm suspicious, especially with the dollar repelling of a marginal new high, where i don't think it's healthy for us corp profits. i'm also suspicious, the CRB appears to be making a possible cup and handle formation. i'm very suspicious that the involvement of gold in the international hedge fund bafoonery may not blow up in everybodies face. Swiss and IMF sales are already a known factor and may already be priced in, nobody knows but maybe the bears have brought out all the bad news they got. 20% bullish consensus - means 80% are bears or neutral. i like dem odds. bb

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