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To: bobby beara who wrote (8774)	3/24/1998 3:14:00 PM
From: bobby beara	Read Replies (1) \| Respond to of 116753

XAU UPDATE:http://www.iqc.com/chart/default.asp?period=120&time=5m&chart=bar&chart1=ma&symbol=%24XAU.X We may have hit bottom intraday at 75.40. There is a 5 wave sequence that completed itself at midday. bwdik, bobby

To: bobby beara who wrote (8774)	3/24/1998 3:18:00 PM
From: gregor	Read Replies (1) \| Respond to of 116753

Bobby: I tend to agree with your bullish slant. ABX at 14:46:22 PM had an underpinning of four bids at 20 1/16 of 61,200 62,200 62,400 and 63,600 shares or a total of 249,400 shares. One trade went over at 20 1/8 for 16,100 shares. In other words IF the ask drops to 20 1/16 there are 1/4 million shares that will be snapped up in the blink of an eye. Trading volume so far has been 1. 7 million. The chances of the ask dropping to 20 1/16 are about one in a million today; which leads me to believe that we will have another good day tomorrow...gregor