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

To: pater tenebrarum who wrote (27098)	9/24/1999 5:47:00 PM
From: bobby beara	Read Replies (2) \| Respond to of 99985

Heinz, the SPX is doing the same as ndx, the may and august closing lows were 1281, we consolidated underneath there and may have made it into resistance, even with the market this oversold and people bearish, it's much more of a powder keg now, than at the august low, because we have already put in the failing rally and the bulls are starting to realize somethin's up (except the new era nutz players -g-) I sent a chart to Haim of the CRB, showing a measured move to the 216 area, should be good for more upside in gold, I think once we clear this resistance area, we will see a move real quick to the 290-315 area. bb