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


To: el paradisio who wrote (50922)5/16/2000 1:32:00 PM
From: willcousa  Read Replies (1) | Respond to of 99985
 
El - and I agree with your other concerns. There is plenty of room for the market to bounce around between now and election day but people are going to feel real bad about the economy before they go to vote.



To: el paradisio who wrote (50922)5/16/2000 1:53:00 PM
From: Haim R. Branisteanu  Read Replies (3) | Respond to of 99985
 
The CRB is hovering above 220 and crude oil around $30. In the meantime the dollar appreciated around 7% versus other currencies since April.

The worldwide inflation is accelerating and if Euroland raises interest rates which will weaken the dollar this market will tank as a lower dollar will strenghten the CRB even more.

PPI and CPI are misleading and most of the weakness is a result of energy prices which are back were they were in March.

The flat action of today is indicative of massive distribution..... some one is selling at those levels me included.

I tend to agree with Heinz, dollar up, gold up time to buy gold shares.

BWDIK
Haim