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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: epicure who wrote (7223)3/1/1999 12:16:00 AM
From: bobby beara  Read Replies (2) | Respond to of 99985
 
X, I saw an interview with Jim Goodman - the Psicycles guy on Friday and I tend to agree with him, the areas with the most bearish sentiment right now are ripe for finding a bottom and those are all things out of the earth, agriculture, metals, oil etc.

Commodities have been basing since September and may be making a rounded bottom here.

There is also evidence that Japan is bottoming, which is very bullish for commodities.

I believe the y2k phenom will create a sucking sound for just-in-timer inventories and i'm especially interested in commodities that are already in bull markets (lack of supply) like platinum and palladium and silver.

bb