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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 679.68+0.7%Nov 26 4:00 PM EST
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To: Casaubon who wrote (83437)10/1/2002 9:03:25 PM
From: westpacific  Read Replies (1) of 99985
 
Gold, the Central Banks keep killing that critical $325, but the gap in the lower channel keeps getting smaller and smaller.

One more big pullback and a little backing and filling - in 2003 it may just be able to break outside and then really run. But in a new bull, the weakhands will be taken out of the trade first.

For now, it is overbought near term, expect some weakness in the 4th quarter IMO.
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