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

To: pater tenebrarum who wrote (52303)5/26/2000 4:43:00 PM
From: theniteowl  Respond to of 99985
 
heinz, yes from what I gather it does seem to the contrarian play, but still made some sense to me and I am willing to be patient.



To: pater tenebrarum who wrote (52303)5/26/2000 5:23:00 PM
From: Jacob Snyder  Read Replies (2) | Respond to of 99985
 
re: tno, it's probably THE contrarian play here

I thought it was MSFT.



To: pater tenebrarum who wrote (52303)5/26/2000 5:51:00 PM
From: Crimson Ghost  Read Replies (1) | Respond to of 99985
 
One sign of a bear market is frequent rallies in the morning followed by late day selloffs. Unfortunately gold stocks continue to show this pattern. Any early strength is almost always squelched by day's end. This happened again today.

Gold and gold stocks are VERY cheap here and sooner or later we will see a big rally. Especially if the dollar drops further. But not until the pattern of repeated last hour selloffs is broken convincingly.


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