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To: Lucretius who wrote (2581)7/7/2000 3:15:02 PM
From: pater tenebrarum  Respond to of 436258
 
bullish break-out from the triangle and the OEX/SPX handles it seems...this could morph into a very decent intermediate term rally. not to forget, 42,000 net short spoo contracts by the commercials await covering. their stops are being run nicely...

short positions by commercials are only meaningful in gold...



To: Lucretius who wrote (2581)7/7/2000 3:17:08 PM
From: pater tenebrarum  Read Replies (1) | Respond to of 436258
 
now the XAU even goes down when gold is going up...in any possible intermarket permutation the XAU is going down. but in a bullish development it manages to stubbornly stay above zero...


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