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

To: Crimson Ghost who wrote (38399)	1/28/2000 2:48:00 PM
From: pater tenebrarum	Read Replies (2) \| Respond to of 99985

George, i think it's a case of Euro weakness, not dollar strength. and that's something that can change in the blink of an eye. the Euro is way oversold here and overdue for a decent bounce. sentiment on Euro/dollar is extremely bearish right now, and yet, Euro zone economies are accelerating. i fully expect a global interest rate bidding war to erupt at some point. note that the XAU has ALREADY discounted the weakness in the PoG. imo, the XAU is trying to find a bottom here... great move on USPIX! and yes, any decent bounce should be used for getting back in. note that we continue to follow the Nikkei script...it's amazing how manias always seem to follow similar patterns irrespective of time and place.