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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: pater tenebrarum who wrote (52303)5/26/2000 5:51:00 PM
From: Crimson Ghost  Read Replies (1) of 99985
 
One sign of a bear market is frequent rallies in the morning followed by late day selloffs. Unfortunately gold stocks continue to show this pattern. Any early strength is almost always squelched by day's end. This happened again today.

Gold and gold stocks are VERY cheap here and sooner or later we will see a big rally. Especially if the dollar drops further. But not until the pattern of repeated last hour selloffs is broken convincingly.
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