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To: pater tenebrarum who wrote (81001)3/15/2001 2:12:52 PM
From: steve susko  Read Replies (1) | Respond to of 436258
 
do you think dollar strength could keep gold down for a while?



To: pater tenebrarum who wrote (81001)3/15/2001 2:17:19 PM
From: JRI  Read Replies (1) | Respond to of 436258
 
Heinz, originally, didn't you have a retest around the 23rd...and then the rally taking off?

Given the current weakness in all markets...only propped up by options ex shenanigans....how about this:

Continued weakness into Fed meeting....Dow testing critical 9600-9750 levels....Naz breaking down below 1900.....Fed either disappoints (only 50 bp) or only does what's expected (only 75 bp)....hard selling post- Fed....bring pretty good capitulation......and a decent intermediate-term bottom...by Friday the 23rd....

I'm thinking we're talking a Dow 9000-9200, and a Naz near 1600 at the bottom of the fear...

Without some real capitulation, I don't see the catalyst for any continued (even intermediate) upturn in prices.....too many daggers out there....not enough courage yet for any spring in prices..