MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 665.67

-0.9%

Nov 17 4:00 PM EST

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To: el paradisio who wrote (50922)	5/16/2000 1:53:00 PM
From: Haim R. Branisteanu	Read Replies (3) of 99985

The CRB is hovering above 220 and crude oil around $30. In the meantime the dollar appreciated around 7% versus other currencies since April. The worldwide inflation is accelerating and if Euroland raises interest rates which will weaken the dollar this market will tank as a lower dollar will strenghten the CRB even more. PPI and CPI are misleading and most of the weakness is a result of energy prices which are back were they were in March. The flat action of today is indicative of massive distribution..... some one is selling at those levels me included. I tend to agree with Heinz, dollar up, gold up time to buy gold shares. BWDIK Haim

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