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To: pater tenebrarum who wrote (36028)	5/26/2000 11:51:00 AM
From: Efthymios H. Zacharias	Read Replies (3) \| Respond to of 42523

No matter what the indices tell you I think this is a good day for the bears for it is the day the almighty dollar looks like it MIGHT have cracked.

To: pater tenebrarum who wrote (36028)	5/26/2000 11:55:00 AM
From: Sunny Jim	Read Replies (1) \| Respond to of 42523

heinz, i just saw your post on the MDD thread regarding the gold market situation which answered my question to you on why POG will go up. thanks much

To: pater tenebrarum who wrote (36028)	5/26/2000 11:56:00 AM
From: SeaViewer	Read Replies (1) \| Respond to of 42523

Dollar got whacked against Euro...

To: pater tenebrarum who wrote (36028)	5/26/2000 12:01:00 PM
From: flatsville	Read Replies (2) \| Respond to of 42523

I saw that chart, the companion and the commentary (see below) this morning. It gave me pause... But, I'm wondering if this isn't what misguided dip buying looks like in the denial phase. We still have the Fed in the tightening mode and an inverted yield curve, no? kinetictrader.com ----------------------------------------------------------- As the Market Turns" -- The NASDAQ Drama Series Folks, the NASDAQ is set up for a major move. The advisory for May 24th reviews the possible bullish divergence in the 10-day 15-minute NASDAQ chart. It was then verified May 24th by a higher low in the oscillators and a break through the downtrend near the close. The advisory for the 24th is almost entirely about how the larger caps are set up to reverse directions to the upside, carrying the market with them. Take a look at the 15-minute chart now. First, formally introduce yourself to the idea of "previous trend support." After a trend break draw the downtrend again and follow it through to the present. There is often a pullback after the break which happened today, May 25th, near the close. As long as the pullback does not drop levels back through the trend line, consider it the optimum time (and most conservative) to enter long positions for a 1-5 day hold. That means TOMORROW is the day to get in! For example, by mid-day tomorrow we need to be holding at least 3100 to still be accumulating long positions. As you're viewing this chart, notice the extra chart at the bottom. A bullish formation called an inverted head and shoulders is about to complete. Many people look for these formations but have little idea why they are considered bullish or bearish. The explanation is directly related to momentum analysis in this case! There is a low, a lower low and then a higher low. The higher low is the focus here -- it's where traders are saying "well that last low was down enough for me and I'll support prices a bit higher this time." Momentum reversed. People are buying before the levels of the "head" are reached again. We've been watching for it since Wednesday, but this key higher low is going to happen tomorrow. So now you might be asking "exactly when should I enter." That's what we do in the live channel -- find the entries. If you are unable to join us during market hours, then watch the 15-minute MACD and consider entering when it bottoms, "rounds off," and turns up again. NASDAQ 10-day 15-minute May 25th, 2000 kinetictrader.com As if that isn't enough to make an educated long entry, the daily chart is now screaming at us as well. As of today's close, there is significant bullish divergence between the current price low and oscillator low. The last time there was any price/momentum divergence in the NASDAQ daily chart was, you guessed it, those fatal latter days of March. In addition it is set up to at least run up to test the current downtrend, which stands near 3550. NASDAQ 6-month daily May 25th, 2000 kinetictrader.com ------------------------------------------------------------