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

To: pater tenebrarum who wrote (49798)	5/8/2000 3:05:00 PM
From: jmootx	Respond to of 99985

heinz, great post. eom.

To: pater tenebrarum who wrote (49798)	5/8/2000 4:21:00 PM
From: Crimson Ghost	Read Replies (2) \| Respond to of 99985

Heinz: Gold stocks rallied nicely the last 15 minutes despite POG having dropped sharply. I like this action. Bought some more of my gold fund today. Now have 7% of my assets there. Don Hays seems to a bit more optimistic SHORT-TERM . Reading between the lines he argues that one can make decent gains the next few months if you ARE IN THE RIGHT STOCKS AND SECTORS. But he does not expect this phase to last long and projects another BIG DROP when it is over this summer. He now argues (correctly in my view) that the dollar is in a bubble phase and the bursting of that bubble will be the catalyst for stage 2 of this bear market. H