Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: accountclosed who wrote (39020)	12/10/1998 11:22:00 PM
From: Lucretius	Read Replies (3) \| Respond to of 132070

mm? don't know, one of us has bad data, or we are just looking at 2 different things. Either way, your chart gets the same point across... people are MUCH too bullish for this to be a correction before a move higher. I'd say we rally at the open... then dump, then dump worse on Mon and Tues. Then we probably rally a little then crash. Of course, I'm just guessing on how and when this will play out, but the fundamentals say it WILL happen. The signal I think will be the day that the 30-yr bond reverses from this bounce (the inverse of the XAU's pullback) and begins to decline on the same day stocks and the dollar are falling. When (IF) a crash occurs it should coincide w/ a crashing bond mkt and a crashing dollar(note that the dollar broke hard today and the UTIL did not confirm the long bond's slight move up telling us this ain't no bond rally comin.) XAU should make the move up long before in anticipation so it should be another early warning signal. If the rally in the XAU that started today completes the reverse H&S pattern, I'd say... its barbque time for the bull because the other things I described will soon (very soon thereafter mind you) follow. -Lucretius