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

To: Roebear who wrote (57033)	7/22/2000 3:36:08 PM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 99985

Roebear, Buying the NEM and PAAS was also another way for me to prolong the mania. I figure, feed the bear gods a few sacrificial precious metal stocks that I will somehow lose 100% of my investment in and I can keep on buying VRSN calls. -g- I use Point and Figure charts and the charts for NEM and PAAS could not look worse. For the past couple of years, this has worked as a very reliable buy signal for NEM. Also the bullish percent levels for the metals is low (25%) and it bounced off of a double bottom at 20%. I am interpreting this to mean that we are very near the bottom in the precious metals. JXM