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

To: bobby beara who wrote (34303)	11/27/1999 1:47:00 PM
From: dennis michael patterson	Read Replies (1) \| Respond to of 99985

Jerry Favors: November 26, 1999 Last month we forecasted the October 1999 low within one trading day. We then stated that we expected a rally into a short-term high near November 26, plus or minus 1 day. Two weeks ago we gave subscribers an upside projection for the Dow calling for a rally into 11056 plus or minus 117 points intraday. The Dow bottomed on October 18 and has since rallied 1311 points to an intraday high of 11195 on November 22. Well, here we are right on November 26, the day the Cycles call for a short-term top. The normal margin of error would call for a short-term high between here and next Tuesday. The decline from that high should last between one to three days. The Nasdaq should also reach a high in this time frame. We would then expect a decline of 1% to 4% on a closing basis in the Nasdaq. Keep in mind that the correction we expect in this time frame should be followed by another rally back near or above 11000 in the Dow, and to new highs in the Nasdaq. However, we are not convinced the high is in quite yet. A decline below 10888 intraday in the Dow next week would confirm the short-term top is in. It remains our position that the Dow should ultimately reach new highs.

To: bobby beara who wrote (34303)	11/27/1999 1:52:00 PM
From: Rarebird	Read Replies (1) \| Respond to of 99985

<Monday, we will know if we will have a breakout in Gold> You'll know it before the open. It will be as clear as Noonday Light, one way or another. The Gold Gunslingers, Bobby, want to see a few things: 1) Bids above the current spot price. 2) A few gold producers making those bids. 3) The Auction way oversubscribed. If the Gold Producers don't show up at the Auction and bid, you can take those technical indicators of yours and flush them down the toilet. What you'll witness instead is a real massacre.