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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Haim R. Branisteanu who wrote (21782)8/2/1999 3:11:00 PM
From: bobby beara  Respond to of 99985
 
Thanks Haim,

rates are in a powerful uptrend, after a bubble top in bonds

bway.net

This chart compares weekly gold to daily nasdaq. There is some similarity, with the little H&S top around the 4/27 peak on nasdaq failing then making five waves up of the 5/26 bottom to the 7/19 peak.

Gold failed to break out of an large inverse H&S pattern and now has made five waves down. Notice the CRB maybe also putting in a double bottom.

bway.net

bb