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

To: Michael Watkins who wrote (41816)	2/29/2000 11:47:00 PM
From: bobby beara	Read Replies (2) \| Respond to of 99985

Mike, your trendline may be wrong, notice the the triangle was retested, don't get too tied to that top. also you need to go back to a much larger time frame and notice that the CRB is making higher highs and higher lows after a large double bottom here and retesting a breakout. we must assume the bullish trend until the triangle breakout is negated (thats a good one for MSFT also) Oil is the driving sector of the commodities, but the price of oil is factored into everything, i believe we will see a broadening out here. Don't discount, as i've been posting here for several months that opec is in love with the idea that everybody is driving SUV's -g- also the trend is central bank gold selling and gold hedging is reversing now, these are the insiders, listen to em. b