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

To: Lee Lichterman III who wrote (29121)	10/12/1999 3:21:00 AM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 99985

Anyone know what is up with the PNX index? I showed it down huge today and when I checked my data with Yahoo it also showed the same thing. No like movement in the XTC or other phone indexes. I am curious if this is a multi service provider bad data quote or if something happened that sank the sector index. TIA, Lee

To: Lee Lichterman III who wrote (29121)	10/12/1999 5:36:00 AM
From: bobby beara	Respond to of 99985

I found an interesting article on the Dollar but lost the link. It basically said that the banks change in gold policy was tied in to a shift of the world banks move away from the US Dollar and back to a gold standard Lee, i've been going over charts of the XAU and a few of my favorite miners, NEM after breaking out of its downtrendline off 96 top on mega gap volume, came back and retouched it on Fridays close, Drooy did the same thing off it's October 98 trendline from the top. I'm looking at a 13 year XAU chart that is a big base between 60 and 150 with a SPRING below the base August 98 to 48 and a quick retrace back inside the base. This ain't gonna be good at all for the market, but i believe we are going back to test the upper channel of the xau base and will probably break it. The trade deficit, negative savings rate, heavy debt, speculative market, extreme sentiment - List of books out lately Dow 36,000 - Dow 100,000 - The Long boom ahead. These are peaking sentiment, they didn't write the long boom ahead in 1982, they wrote the death of equities -g- bb

To: Lee Lichterman III who wrote (29121)	10/12/1999 9:05:00 AM
From: Robert Rose	Read Replies (2) \| Respond to of 99985

<I think that though it may appear to be overly bearish that many of these posts are just stating the unhealthy internals of the market and not necessarily predicting crashes etc...at least not in the immediate future.> Quite a few comparisons to the '20s and '87 are made on this thread. My only concern with this is that the less sophisticated reader may take them seriously, when instead they are mentioned in a short-hand or off-the-cuff manner. While a certain amount of lighter weight banter can be entertaining to those of us who know each other well enough to put it in context, the newbie lurker may take it at face value and perhaps miss good opportunities to make good money. I myself admit to missing such good opportunities at times. I agree with Matthew that consistently specifying timeframes for our market expectations would be helpful.