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To: pater tenebrarum who wrote (55269)6/27/2000 1:31:00 PM
From: Crimson Ghost  Read Replies (3) | Respond to of 116753
 
Profit taking or selling to reduce losses?

I agree that we need a strong positive XAU/POG divergence before we can get a decent rally.

Kaplan opines that the XAU action fundamentally reflects what the commercials are doing. Weak XAU means commercials are not going long in a meaningful way YET.



To: pater tenebrarum who wrote (55269)6/27/2000 1:34:00 PM
From: Rarebird  Read Replies (2) | Respond to of 116753
 
The XAU looks like it is bottoming here. The next move of consequence is up IMO.

PS I think the Market will sell off if Greenspan leaves rates unchanged with a tightening bias.


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