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To: Lucretius who wrote (6484)	1/12/1999 1:27:00 AM
From: The Ox	Read Replies (1) \| Respond to of 14427

goldminingoutlook.com

To: Lucretius who wrote (6484)	1/12/1999 2:10:00 AM
From: 007	Read Replies (1) \| Respond to of 14427

<Some have laughed before at my idea of us just opening down several hundred points and continuing to drop... it can and WILL happen I ASSURE you. The first time it may only be 300 points.> Thank you, but I think I'll stay long until then. Luc, you're right - it's going to happen. But I think it would be enlightening to know how many times you have called The Crash. With each empty prediction, you've taught us all, save yourself, that it is practically impossible to time The Crash. The market has taught us all, save yourself, that it is best to be long until The Crash is upon us. Those that act in anticipation of The Crash are penalized. When it happens you will be right, but forty wrongs don't make a right. Enough said, let's take a look at your list: <1. Long bond and dollar must sell off to tie Uncle Al's hands to where he cannot print cash to bail out his buddies... happening> Long bond may be breaking down, dollar is still good anywhere above DX 90 (presently 95). <2. Repatriation of cash by Japanese that was both in US stocks and bonds...happening. (in 1929 it was the British that sold into our rally all the way up to the peak cause their banks were insolvent... sound familiar?)> Based on dollar/yen and long bond, it probably is happening to some extent. Nothing conclusive yet, and their problems can also cause more money to flow here. <3. Utilities must crash w/ long bond.... getting close> Still an uptrend. <4. gold must break out of its L-T downtrend and screw the short sellers causing them to sell their longs in stocks to cover... check the charts... we be gettin there.> Still a downtrend. <all of the pieces of the puzzle have come together; all we need now is a match to light the flame thrower: ... sentiment as measured by the put/call ratio is OBSCENE, as measure by the parabolic moves of the internuts... sentiment is OBSCENE... all providing the necessary gasoline to get the bonfire REALLY going what will the match that lights the fire be?> Put/call ratio is obscenely bearish - suggestive of a buying climax. Internet mania suggested a top previously, but look where we are now. It appears that at a minimum some correction/consolidation is overdue. <Brazil (Bovespa looks ready to hop of a cliff)?> Bovespa dropped 5% today and our market reacted with bullish indifference. <Uncle Al speaks on the 20th?> Al must be very worried, afterall he's the guy that created this mess. His goal must be to prevent the crash whilst "containing" the bubble. You can expect him to do talk it down on the 20th. <internuts implode like the hull of the Titanic as she sunk deeper and deeper in the sea?> After rising hundreds of percent, even an ordinary correction in the internuts would look like the Titanic. < simple exhaustion?> Yes, goodnight. 007