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

To: donald sew who wrote (28959)	10/9/1999 10:00:00 PM
From: Stcgg	Read Replies (3) \| Respond to of 99985

Sector Rotation.. At the Crossroads Again? According to Elliott Wave Theory, we see Gold with a completed Wave 4 (down) correction in a new Bull market, and equities, along with the US$ are seen completing a Wave 4 (up) correction in a new Bear market.. Wave 5 in each scenario to follow indicating equities and the US$ will move down, while Gold will move up.. The US$ is fast approaching a low in the Wave 5 decline, but the subdivisions of the pattern appear to be incomplete, it should fall to 97.00-97.74 with a strong probability it will test 96.04, the 62% retracement of Intermediate Wave (1) or slightly lower.. Should LT Bonds break below 111-20 to 112-16 this week, look for next support @ 105-107.. Should this follow thru, bond rates would rise to 6.277%.. This would indicate a further negative for the equities market, and a further positive for the gold and bond market.. >><<