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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 690.270.0%Dec 26 4:00 PM EST

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To: Terry Whitman who wrote (40241)2/13/2000 11:11:00 PM
From: pater tenebrarum  Read Replies (1) of 99985
 
Terry, yep, barring a panic it looks eminently bounceable here...at the very least i'd expect horizontal support at 10K to induce a bounce of sorts.
my only problem with the XAU is that so many people are getting bullish so quickly...and we're scarcely off the lows. otherwise i agree with your assessment...commodities in general seem headed higher.

regards,

hb
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