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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: J.T. who wrote (4235)	8/29/2000 8:16:04 AM
From: Joseph Silent	Read Replies (1) \| Respond to of 19219

JT or da chief.... I'm trying to understand this. Nem or any of the other gold trackers is a good buy when XAU bottoms and turns up? This probably does sound like a silly question, but how does gold behave wrt to the broad market? Is it an inverse relationship? Thanks, J

To: J.T. who wrote (4235)	8/29/2000 10:46:42 AM
From: J.T.	Respond to of 19219

We are finally beginning to see the signs of exhaustion rear its head. SPX down -7.0 to SPX 1,507. DOW down -49 to DOW 11,203. BKX under pressure down 12.50 to BKX 862 and change... inch by inch its a cinch... yard by yard its hard... Yesterday qualifies as the boys in the pits running THRU the resistance levels for the wash-out play only to fade into the bell. Now we see the one day false break begin to rear its ugly head. Closing numbers is final judge and arbiter. On our way to SPX 1,480 intraday test ...??? Best Regards, J.T.