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

To: Bull RidaH who wrote (36262)	1/10/1999 7:56:00 PM
From: bobby beara	Read Replies (1) \| Respond to of 94695

Plonk, did I hear you say something about dow 54,000 Are you sniffing Carl's glue again -g--ggg- The CRB has completed and ABC correction from the 1996 high in December. A new bull market in commodities has begun. Gold made a high lower basis the CRB in December. XAU made an abc wave 2 correction into December. A powerful WAVE THREE advance has now begun. The xau has a 1 year base, the a/d line has been basing for 2 years. Money flow is making higher highs while the index has been making lower lows. THIS SUCKER HAS BEEN UNDER TREMENDOUS ACCUMULATION. Look at the weekly chart of DROOY, big volume in uptrends, low volume in downtrends. This is accumulation. Soon as it and the XAU breaks across the base it'll be a rocket. In the Equity markets this is most likely a B Wave off the 10/8 lows. Some of the market is still in bull trend and this is a fifth wave for them, some are in bear trends still. The resurgence of increasing commodity prices will place a dagger in this bull and we will have a nasty C wave correction that could take the market in the complete opposite direction that THE HERD HAS ENDORSED. bb