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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Bull RidaH who wrote (30486)	10/6/1998 7:25:00 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 94695

David, gold will rally after UK will lower rates. It is anticipated this week I am not sure wen. Failure of the UK to lower interest rates spells disaster for the stock markets. I was watching BBC during August and September, the UK is in a slowdown and the manufacturing sector is in recession, based on the people speaking out on SKY News and BBC. BWDIK Haim

To: Bull RidaH who wrote (30486)	10/6/1998 7:37:00 PM
From: bobby beara	Read Replies (2) \| Respond to of 94695

DP, The second scenario . . . I prefer this scenario, because, I feel that gold stocks will peak just before the market makes it's next leg down and gold stocks will be sold too cover margin call selling and could make a right shoulder with the december/jan lows or bounce off the 200dma. There was an easy 5 wave count spike off the 9/1 lows, the corrective period after that looks like a wave two, when comparing the time period to the time period of the corrections in the leg up since. The Bond market looks like a blow-off peak and I believe they will be sold by foreigners, who see declining values because of the $USD. That leaves Gold as the final store of value in this financial crisis. DJU made the projection peak of it's failed H&S pattern of 9/1 and looks topping to me also. bb