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

To: bobby beara who wrote (28480)	10/6/1999 7:30:00 AM
From: j.o.	Respond to of 99985

Hi bb - I totally agree that the trend in gold is now up...just that short term we have put in what looks like short-term double-top. I suspect that we'll now do some kind of A-B-C retracement there before launching into the next upwave. I can see us trading down to 300-310 in the interim before the next big upmove happens. There are a lot of people along for a 'free ride' in gold, and it would improve the longer-term chances of a good upmove if we shook a few new longs loose before continuing. we'll soon see <ggg> j.o. indextrade.com PS - keep spinnin' that beanie propellor