Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (69029)	3/19/2004 8:25:52 AM
From: Real Man	Read Replies (1) of 94695

Yep. It's above your support, though, and pretty close to it. I saw the downtrend line for the correction in gold at 408. It looks like gold is trying to bust out of it. Often, a move in gold precedes the move in USD. That said, traditional inter-market relationships are totally screwed up in this environment. The reason is, I guess, that there are way too many hedge funds (5000 or so?), almost as many as there are mutual funds! These hedge funds play the inter-market relationships. They got to lose, so they screw them up, at least short term. Just my hunch on it.

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