MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 688.98

+0.5%

Jan 22 4:00 PM EST

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To: bobby beara who wrote (44808)	4/4/2000 10:10:00 AM
From: pater tenebrarum	Read Replies (2) of 99985

Bobby, yep, i saw those p/c ratios...quite incredible actually. we WILL get our right shoulder though...interesting buying panic in the Dow stocks btw. ...if it rallies to the upper boundary of the broadening top we could see 12K before long. gold seems to be groping for a bottom here...my guess is that it will hover around current levels for a while and then make another explosive move, similar to the last two short covering rallies. eventually the market should realize that all that printing the CB's have engaged in is good for gold... regards, hb

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