MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 672.04

-1.7%

Nov 13 4:00 PM EST

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To: Crimson Ghost who wrote (48516)	4/28/2000 11:55:00 AM
From: pater tenebrarum	Read Replies (1) of 99985

George, every time the XAU shows weakness like today should be used for buying...it's the down days that are the traps. how many things do you know of that people are prepared to sell at prices last seen 20 years ago? i still think that both the Euro and the gold carry trade are set up to go bust at around the same time...and we're getting VERY close. Market Vane reading of 97% dollar bulls is the most extreme ever...in the face of a current account deficit that's on its way to reach 500 billion dollars for the year, that's pretty amazing. regards, hb

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