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: pater tenebrarum who wrote (46363)	4/14/2000 11:13:00 PM
From: Crimson Ghost	Read Replies (3) of 99985

The fact that the XAU strongly outperformed POG today is quite bullish. The best relative XAU performance in many months. Let me say that I agree that a major bottom is not here yet, perhaps not even close. But a decent bounce seems highly probable by Tuesday at the latest. A bounce that probably will not last more than a day or two. One thing to consider. Virtually everybody on this thread seems to feel the market will rebound strongly and quickly when the bottom is hit (wherever that may be). But I think we have to consider the possibility that the market may go down and stay down for awhile. The bottoming process may take some considerable time. People counting on a huge immediate rebound from the lows may be in for great disappointment. New era investors know that markets can drop hard and fast. But they also "know" that such drops "always" are followed by powerful rebounds. But if the market goes down and does not make a major recovery for many months, that will REALLY shatter confidence.

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