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Gold/Mining/Energy : Gold Price Monitor

GDXJ 101.44

+3.5%

4:00 PM EST

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To: Crimson Ghost who wrote (9750)	4/10/1998 11:28:00 AM
From: bobby beara	Read Replies (3) of 116756

George, I am thinking we should be setting up for at least a good size correction, maybe worse if Japan cracks. >>>do you expect the Dow to crash a la 1929 or 1987 or is a more traditional bear market in the cards?<<< The chart is mimicking the 29' chart especially closely. The little 4th wave consolidation with the spike over 9000 and then the recent good sized dip is right on the 29 chart. It just all seems to fall into place that we have reached -100 an oversold indicator on the MCOsillator on Wednesday and now have powered forward on that. The only thing missing from this is a sagging a/d line. This markets a/d line is looking strong, whereas 87 and 29 were sagging badly months in advance. bwdik, bb

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