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To: The Perfect Hedge who wrote (3403)9/25/1998 3:01:00 PM
From: Broken_Clock  Respond to of 14427
 
Beebs...the dollar moves in the opposite direction of gold. Higher dollar = lower gold. If greenie cuts rate next Tuesday the dollar will weaken, the dow will fade as foreign money leaves for euro bonds(check out the POG thread) and the weaker dollar will elevate gold.



To: The Perfect Hedge who wrote (3403)9/25/1998 3:52:00 PM
From: Lucretius  Respond to of 14427
 
Beebs, next week is just a sharp down move, not THE CRASH. The crash will occur later in Oct. first, we have to make a pit stop around 7000.

Note that after contracting into this month long rally, New lows have been expanding since the peak on Wed. Today back up above 200 now.

sell the rally, there will not be another IMO. But if there is one, it won't go far. I'm leaning towards not getting one.

-Lucretius


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