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Gold/Mining/Energy : Gold Price Monitor

GDXJ 124.11

-13.6%

Jan 30 4:00 PM EST

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To: Stephen O who wrote (61527)	11/30/2000 11:18:50 AM
From: Rarebird	Read Replies (1) of 116944

<NAZ Won't be broken eh? Currently at 2525> Well, I see a low of 2571 on the COMP thus far in the trading session on my screen. A break below 2500 would most likely initiate capitulative selling and mark an end to the current leg down. That's not to say that COMP 2500 won't eventually be broken. "Eh," it took 6 months to break Comp 3000. I just think that Markets move in both directions even in Bear Markets. Moreover, the Dow, S@P and stocks like GE need to break down before this Bear is over. So, I don't think the Bear is over here by a long shot: Earnings are going to be pretty bad over the next couple of quarters. How long do you expect this Bear to last?

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