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Gold/Mining/Energy : Gold Price Monitor

GDXJ 98.59

-2.8%

Nov 13 4:00 PM EST

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To: Lucretius who wrote (40376)	9/17/1999 8:29:00 AM
From: Rarebird	Read Replies (3) of 116759

....Stock market internals were ragged, with New York Stock Exchange losers shelling winners by 7 to 3. The cumulative advance-decline line hasn't kept pace with blue-chip averages since peaking in April 1998. The divergence between it and the Dow Industrials and S&P 500 indexes has lasted longer than any other since the early 1970s -- a fact not easily lost on numerous technical analysts. "The longer that a divergence is in place, the more severe the correction will need to be in order to bring all the indicators and indexes back in line with each other," said Robert Dickey, managing director of technical research at Dain Rauscher, in a brief. Said Arthur Hogan, chief market analyst at Jefferies & Co.: "We've got that myopic, everything-is-bad-news view of the world right now. Anything that comes out is viewed as the glass being half-empty." Declining issues blasted risers by 2,502 to 1,353 in the Nasdaq Stock Market. cbs.marketwatch.com

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