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

To: Thomas C (Hijacked) who wrote (30667)	10/7/1998 6:53:00 PM
From: Don S.Boller	Respond to of 94695

Thomas and All: HERE IS SOME NEWS YOU WILL WANT.............. Message 5944821 Don

To: Thomas C (Hijacked) who wrote (30667)	10/7/1998 6:57:00 PM
From: bobby beara	Read Replies (3) \| Respond to of 94695

TC, Monday could be black Monday??? $USD got smashed today. For those following the yellow brick road . . . gold and gold stocks have entered into a bull market ... however, if we do have a kahuna, gold stocks will pull back to cover margin calls from traders. Gold stocks are in a historical extreme overbought situation and the put/call ratio on gold stocks is way out of whack and lots of media attention. I checked GGO AND THERE IS NO OPEN INTEREST IN PUTS - zip zero nada. While there is a possibility of a technical breakout and a crash up, it's more likely that they will be pull back or stay range bound, there is strong support @ 78 and 72 on XAU. bb

To: Thomas C (Hijacked) who wrote (30667)	10/7/1998 7:03:00 PM
From: GROUND ZERO™	Read Replies (2) \| Respond to of 94695

Tom, I see that, but that's for a day or two. I'm not saying it can't collapse, it might. I just don't see that right now, and I'm in very sparse company at the moment. The great majority of posters are very negative. The interesting thing is that the DOW is the only index that hasn't broken down yet. This divergence is not common. One of two things will have to happen. One, the DOW will follow the others lower, or two, the other indexes will have to rally back. Maybe tomorrow we'll know. I suspect that most negative earnings have already been priced into these markets, any real surprises and the markets could ignite. Later... GZ