MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 694.04

+0.7%

Jan 9 4:00 PM EST

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To: HairBall who wrote ()	6/5/2000 7:26:00 AM
From: Crimson Ghost	Read Replies (2) of 99985

NDX futures down nearly 1%. Gold surprisingly strong. My take is that we are at or very near a short-term peak. We should retrace 1/3 to 1/2 of last week's gains within the next few days. But after that we probaly will rally again to new highs for the move. Rising gold and a falling dollar will put an end to this "mini mania" before long. But not just yet. The dollar probably will have to fall below par and gold break $300 decisively before the game is over for good.

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