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Strategies & Market Trends : TIMING INDEX MUTUAL FUNDS

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To: donald sew who wrote (19)	2/5/2000 8:26:00 PM
From: bobby beara	Read Replies (2) of 428

Donald for a major failed H&S pattern look at the XAU, with the top in October 99, it dipped below the neckline turning everybody bearish on gold stocks, trapped the sellers and the shorts, everybody was leaning the same way and bammo. Stillwater Mining (platinum) had a similar pattern at the october 99 lows. the same pattern existed on the xau with the may 99 top being the head and the july bottom being the false breakdown. The XAU long term trin was full oversold on 1/28, at the same oversold levels of the august 98 lows and the december 97 lows, however this time the 200 day moving average is flat and no longer headed down and the momentum & a/d oscillators are registering higher lows. I have for a long time believed that gold would work inverse the nasdaq at the major turning point. the switch between manic paper assets to the oversold hard assets. we shall see. b

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