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To: Lucretius who wrote (1030)6/27/2000 10:46:00 PM
From: pater tenebrarum  Read Replies (2) | Respond to of 436258
 
sounds like a reasonable scenario to me. apparently though there's another rotation about to happen, with trannies and various cyclicals producing oscillator divergence buy signals lately. so stocks will likely continue to churn...instead of crashing.



To: Lucretius who wrote (1030)6/27/2000 11:15:00 PM
From: LLCF  Read Replies (2) | Respond to of 436258
 
<the dollar rolls down the rt shoulder... CRB collapses as the buck breaks to new lows and it and equities crash together... gold equities hold their own as the metal falls back to to 270 or so>

Sounds right except investment banks holding "bridge loan and equity bags" among other things panic and try to unwind their Gold carry trades as well as equity positions to avoid the OB scenario... creating just such a scenario and sending Gold to all time highs... and SPX down 30% in 3 days.

DAK



To: Lucretius who wrote (1030)6/28/2000 8:00:00 AM
From: MythMan  Read Replies (3) | Respond to of 436258
 
>>as the buck breaks to new lows <<

buck would have to drop 12% to reach 1998 lows. I don't think so...