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

To: Terry Whitman who wrote (27140)	9/24/1999 8:53:00 PM
From: re3	Read Replies (1) \| Respond to of 99985

well done Terry...you joined the winner circle <g> do you know how many broken gold bugs there are ? but us new gold bugs may get rich... the golds were on fire today in canada... i can't imagine how 'they' will keep it down now ! and, i am sure many shorts are gonna bail and stop shorting... ike

To: Terry Whitman who wrote (27140)	9/24/1999 9:04:00 PM
From: Tommaso	Respond to of 99985

Thanks for posting the current A/D line. As with other things (if I recall correctly) this goes beyond the pattern in 1929. I would not have believed that we would see this, but here we are. I hope that our economists who,with a few honorable exceptions on both sides of the aisle (Galbraith AND Friedman) have scarcely dared to assert their professional prerogatives, will be able to figure out how to mitigate the consequences of this folly. Also, it's the old "Nifty Fifty" of the later 1960s all over again. Where is safety to be found? In 1929 there was still a gold-backed currency. All I can think of is oil, which people would gladly pay much higher prices for--especially in the US--than they do. But it is hard to put oil in a safe deposit box. I guess cash in the bank will to some extent keep its value in that interest rates will rise with any inflation. Or will they/ We have had so much disinflation that preemptive rates would seem unlikely, but for the time being it might be best to lose money very slowly instead of losing it very fast. Cash in the bank seems OK for this.

To: Terry Whitman who wrote (27140)	9/24/1999 9:16:00 PM
From: bobby beara	Read Replies (1) \| Respond to of 99985

TW, my pops taped a PBS documentary on the great depression, i watched it a couple of years ago, so I will have to get it from him and re-watch it to give a clearer picture, but there were deadly riots at Ford and the 2nd hand guy was known as ruthless (does that ring a bell after listening to govt. lawyers -g-) timely.com The a/d line is in crash mode and we have taken on the downangled neckline on the NYSE on expanding volume, not a time to step in front of the selling train. Need a 1+ billion capitulation 90% down day to clean out the sellers. We had another minor change reading on the McOscillator today, i hope people who are talking buying the dip here have hard hats on -g- timely.com I'd buy that -g- A close below the SPX 200 dma is not something to sniff at, the only time over the last couple of years that has happened was prior to last falls crash. bb