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Pastimes : The Naked Truth - Big Kahuna a Myth

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To: John Pitera who wrote (36363)4/26/1999 3:55:00 PM
From: Terry Whitman  Read Replies (2) of 86076
 
A/D line could be rolling over today- quote.yahoo.com

If you recall, back about 3 wks ago, I said there would probably be 3-4 more weeks of lunacy. I based that on the A/D returning to its falling trendline top. We are there now within a small margin of error. Nazcrap is 30% over its 200 day ma, and DJI is 19% over. These are both stretched to their limits.

Meanwhile, more short selling in the gold market has been unable to push the XAU back down into the falling channel. This es mucho bullish for gold. Malo for dollar.

If the A/D reverses back up and breaks thru, I didn't write this. <g>
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