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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 652.53

-1.5%

Nov 20 4:00 PM EST

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To: Lee Lichterman III who wrote (7376)	3/2/1999 10:22:00 PM
From: bobby beara	Read Replies (2) of 99985

Lee, did you see this chart: shahar.nets.com:2000/hard_assets.gif make sure and scroll down the page for the bottom chart >>> would there possibly be a flight to commodities such as oil along with Gold etc.<<<< Yes, I'm a believer that their will be a shift between paper assets and hard assets as happened during the 60's market top. There were incredible volume reversals in XAU stocks in September and the volume on this decline is weakening and the sector is getting sold out and bearish sentiment is very high again. I believe we are very close to another bottom. I don't follow oil, but everything else will follow suit. Just in time inventories are very fragile to supply shortages, even if Y2k is more hype than reality, the perception will be to accumulate hard assets and on safety. On the Bizarre side of sports, the COMPX a/d line is at 1929 -g- Right as we hit day 55 and are on critical supports on the nasdaq. bb

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