MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

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To: bobby beara who wrote (25507)	9/10/1999 5:52:00 PM
From: pater tenebrarum	Read Replies (1) of 99985

Bobby, i agree, something is happening with the XAU here...the 200-ema is starting to flatten and the 50-ema has turned up. a few good days and we may get a crossover - hasn't happened in ages... i added to my South African mining stocks, they pay fat dividends and that makes the wait less frustrating. BUT: i don't like the chart of the POG itself...seems to be yet another bear flag that has formed, possibly in preparation for a final capitulation leg down. doesn't bother me though as long as it doesn't bother the XAU. also, the copper contract started a big rally in June from what looked like a bear flag as well, so who knows... regards, hb

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