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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Softechie who wrote (984)	10/20/2001 9:28:25 AM
From: Zeev Hed	Read Replies (1) \| Respond to of 99280

Softie, I agree with him on Gold (that is exactly what I told George and few others when gold flirted with $295, I said it will not go through...#reply-16478219). The interpretation of the rest of the market is more difficult, I think that we will cross the 50 DMA, almost a required condition for setting us up for the November peak. I followed what J.T. was deriving from the Rydex numbers during the June /August top (he was very bullish and did not anticipate the topping action and surely not matching and exceeding the April lows), and stated at the time, that there is not enough historical data on Rydex to make it a reliable indicator. Zeev