MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.31

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To: Challo Jeregy who wrote (26849)	9/23/1999 4:20:00 PM
From: Rick Hay	Read Replies (1) of 99985

Loaded up on Gold stock and options. That's FLIGHT to quality in an inflationary pressure market with interest rates on the rise and with a failing dollar. Expect big gaps in gold overnight with payday tomorrow! IMHO. Gold stocks did well last year in October, some almost doubling. I'd expect at least a 1-2% jump in gold overnight based on the last drop we had from 10800 to 10600 range. Japan will also crash BIG time tonight. Feel sorry for the poor fellows overseas waking up to this mess. Any idea of where the bottom will be? This was a fast sell off but if it triggered the 200 DMA we could be in for brisk move down in the morning...

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