MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 670.21

-1.1%

Nov 6 4:00 PM EST

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To: Haim R. Branisteanu who wrote (54103)	6/14/2000 7:18:00 PM
From: American Spirit	Read Replies (3) of 99985

No rate hikes mean summer rally not end of bull market. Common sense. Oil and gold have done well but are peaking now. Heavy pressure being put on OPEC now and gold just isn't worth anything anymore as an inflation hedge except they do like it still in Asia where they're superstitious about banks. If you're into oil and gold you've bet right this week but I'd take my profits soon. Remember how rotational this market is. Almost nothing stays up for long. It's hard to even get a three day rally out of anything anymore.

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