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Strategies & Market Trends : Waiting for the big Kahuna
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To: Hawkmoon who wrote (34992)12/6/1998 3:36:00 PM
From: bobby beara  Read Replies (1) of 94695
 
Thanks Ron, I follow Mo (Larry and Curly too -g-). Don't know about any future central bank selling, but the xau is at a pivot point with it currently pointing into the inverse H&S pattern from june,july,sept. a break here on big volume would indicate a possible retest of the sept lows.

The CRB is also sitting on a support that could break. Since world markets are overbought, I would expect the weakest to crack 1st and the CRB has been the weakest and a leading indicator of equity market cracks since 10/97.

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