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


To: bobby beara who wrote (39192)2/4/2000 5:46:00 PM
From: pater tenebrarum  Read Replies (1) | Respond to of 99985
 
Bobby you should have listened to me...i said for the past few days that it didn't matter if THE low in the XAU was in, we were definitely in the buy zone. in a market with so many shorts you have to BE there...the moves when they begin are just too violent. interestingly in early trading today many of the junior gold stocks failed to react...no-one believes in gold anymore.
more and more components of the CRB are waking up...but that doesn't matter, because there is NO INFLATION <ggg>.
as for the NAZ, new high not confirmed by any other index, nutz negatory, COMP outperforming NDX, and all this amidst what must count among the worst sentiment readings in history...not exactly the best preconditions for a big new leg up.
still, the resilience of the stock market is simply amazing...sometimes i'm asking myself what it will take....<ggg>

hb



To: bobby beara who wrote (39192)2/4/2000 6:05:00 PM
From: RealMuLan  Respond to of 99985
 
Message 12782172



To: bobby beara who wrote (39192)2/4/2000 7:07:00 PM
From: Lucretius  Read Replies (1) | Respond to of 99985
 
then again, maybe Monday there will just be no bids after gold moves $150 overnight (VBG)

on the other hand... you're probably safe -g-