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

To: Zeev Hed who wrote (69389)	2/17/2001 1:32:36 PM
From: bobby beara	Respond to of 99985

zeev, that search must not have copied right -g- very interesting, i just got an email from elliot wave, prechter who has been an extreme bear on gold for a long time is alerting people to look for a bottom, though he still has a price target of around $200. He is pointing to the sentiment, recently the CEO of a major gold company said that "he could see no reason for gold to rally", remember the shiek who said oil was going to 5 bucks in december 99 -g- also i have to add in, that my gold stock technician newsletter dude, who was the t/a guy at the now defunct biznews1 in LA, stopped his newsletter after leaving biznews 1 and went to work for a hedge fund, supposedly he was just going to have a break in the subscription, but that was 5 months ago - throwing in the towel -g- gold shorts are at an all time high his wave counts give two alternatives, that i agree with, we could be bottoming here for a fakeout rally up to 320 area, before a final collapse to new lows, or we could be in the final capitulation stage that will send gold down to the $200 area as we break the lows we are at. bullish sentiment on the euro at the bottom was in the single digits, gold may have to go there. i think it's a market that will provide rewards to people who keep on top of it.