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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 681.43+0.2%4:00 PM EST

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To: HairBall who wrote (21610)7/30/1999 9:29:00 PM
From: bobby beara  Read Replies (1) of 99985
 
>>>Now I don't know what to make of that...bobby beara tell us what that means....<gggg><<

Well LG, if you believe we are now in a bear market, that is no longer a contrary indicator.

I believe the evidence supports that and shorting overvalued techs and being long gold is the place to be ahead of the crowd that is about to switch. What is particularly compelling about gold is that it is like internet stocks in reverse, that's why Dines suggests having a gold hedge, in case he missed the top (which i believe he did)

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