MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.00

+1.0%

Nov 21 4:00 PM EST

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To: Rarebird who wrote (37795)	1/22/2000 10:42:00 AM
From: Terry Whitman	Read Replies (2) of 99985

wrt the XAU. A picture is often worth a thousand words- geocities.com BOE auction will set the tone- My prediction would be a turn around immediately, or perhaps after a short foray below the rising support line- A fakeout to the downside, much like the fakeout breakout last fall. It is in a perilous area- A break of support could just send it into the valley of hated investments. You gotta have nerve to buy it here- but it has proven rewarding in the past 2 years to buy it at support. Good Luck, TW

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