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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: long-gone who wrote (50405)	3/15/2000 7:51:00 AM
From: Rarebird	Read Replies (1) \| Respond to of 116762

<The markets may be in REAL trouble!> The Dollar is tied to the bubble in the Nasdaq. If the Nasdaq falls hard, the dollar will fall hard and Gold will eventually rally hard. The key for Gold is for the NDX to take out the January lows of 3700. As I've said before, the broad market as measured by the A/D line has been in a Bear Market since April 98. If the Bear hits the Nasdaq Comp, it could get very nasty. The low in October 98 was about 1400, the high was 5050. A 50% retracement would bring the Comp to about 3200. The Dow is not far away from its 50% retracement if you take the low of 7400 in October 98 and the high of 11732. I get about 9550. A close below the July 98 high of 9314 would be ominous. 1200-1240 on the S@P has provided excellent support in the past. If that is taken out, S@P 1050 is the next stop. I would say that if Dow 7400 is broken, you have cause to celebrate Richard; for a major league change in Cycle has occured from Bull to Bear and Gold may enter a prolonged Bull Market.