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To: Crimson Ghost who wrote (55565)6/30/2000 10:22:34 AM
From: pater tenebrarum  Respond to of 116753
 
that's the type of positive divergence i like to see...but then, they are near all time lows anyway. there doesn't seem to be much room left for further declines. out of the 13 different gold stocks i'm holding, only 2 are up however...the remainder is mostly marginally lower.



To: Crimson Ghost who wrote (55565)6/30/2000 11:28:26 AM
From: long-gone  Respond to of 116753
 
Seems "they" were not able to break it as low as they wished!



To: Crimson Ghost who wrote (55565)6/30/2000 1:31:20 PM
From: Rarebird  Read Replies (4) | Respond to of 116753
 
Nothing has happened to deny the bullish alternative I see taking place in July: Some corrective irregular action in June has already taken place, which will then lead IMO to a breakout above resistance sometime in the early-to-mid July timeframe, affirming a bullish continuation pattern. What we saw in June was a lot of choppy corrective action in the indices. Once the NDX breaks resistance, presuming it does, I would then expect a "confirmation" of intermediate strength to result in some sort of blow-off spike later in July, followed by a consolidation, a higher level support (base level) building, and then further upside later in the Summer ideally towards Labor Day.

I'm looking at a number of fine tech companies, like FFIV, which have already doubled basically from the April lows and are in incredibly bullish patterns. These are the stocks that got killed in the second quarter downturn and which are now forecasting that the techs have already bottomed this year.

Many people impose their own personal moral/religious fundamental values on the marketplace. Markets are too complex for that and rarely behave in accordance with the perma bearish or perma bullish religious/moral view of the Universe.

This market has chopped up and will continue to chop up all the short term momentum bimbo traders. One needs some patience and real Vision to see the angst that is underlying the equity market and the bullish resolution that is unfolding.

PS Since I'm Human All To Human, I reserve the right to be Wrong.



To: Crimson Ghost who wrote (55565)7/2/2000 6:32:01 PM
From: long-gone  Respond to of 116753
 
More support or Euro = more usage = Stronger Euro = weaker $ = Higher gold!
Queen Backs Euro
AFP
July 1, 2000

LONDON - The face of the pound, Queen Elizabeth II, told European Parliament president Nicole Fontaine that Britain would join a successful single currency, The Independent newspaper reported Saturday.
Fontaine, in an interview with the daily following a three-day visit to Britain, said the queen appeared to support the idea during private talks at Buckingham Palace on Wednesday.


(cont)
newsmax.com