MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 652.56

-1.5%

Nov 20 4:00 PM EST

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To: Yogizuna who wrote (14372)	5/20/1999 12:31:00 AM
From: Roebear	Read Replies (1) of 99985

Yogi, I am not done looking at all my indicators. Shooting from the hip, unless the POG improves shortly I would think that the gap support of XAU in area of 62 would fail and that one potential bottom is around 59, another gap support area. A quick glance at the chart shows a reversal off of that area (or for that matter, old lows in XAU) would be a potential double H&S? A relief rally taking NEM to around 20 and the XAU up a couple points would allow most options to expire worthless, always a "worthy" consideration. BHHMWDIK Now off to dreamland for some ZZ's, Roebear

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