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To: bobby beara who wrote (12194)5/26/1998 6:34:00 PM
From: Giraffe  Respond to of 116834
 
>>CRB may have had a capitulation day and could get a bounce across the board on commodities. We'll see if Gold decouples.<<

CRB is showing divergence in some indicators - not sure if that means too much but I'm keeping my eye out for a bottom in commodities as some of them are close to their COP.



To: bobby beara who wrote (12194)5/26/1998 7:39:00 PM
From: Richard Mazzarella  Read Replies (2) | Respond to of 116834
 
Bobby, bounce? maybe not. Check out the XAU forecaster: wavechart.com . The appearance of short and intermediate buy forecasts were a head fake, are now sells, and even long term is close to a sell signal. Gold looks very sick.



To: bobby beara who wrote (12194)5/26/1998 8:52:00 PM
From: Crimson Ghost  Respond to of 116834
 
Bobby: Apparently many hedge funds follow Rubin slavishly. Traders have attributed the yen's sharp decline to hints by Rubin that such a drop is OK with him. Now if only Rubin would say he has no problem with $350 POG



To: bobby beara who wrote (12194)5/27/1998 10:24:00 AM
From: Richard Mazzarella  Read Replies (1) | Respond to of 116834
 
Bobby, <<We should bounce from here>> That was yesterday, have you noticed that POG is down $3? Using rubber charts today? I've noticed that Elliott wave practitioners always tell you what happened, but few get the forecasts right. The market is a humbling thing, isn't it? <VBG>