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

To: HairBall who wrote (13307)	5/9/1999 11:21:00 PM
From: Roebear	Respond to of 99985

LG, Many thanks for posting the XAU/TYX chart on the MDA website. It is a more pristine chart than I have and therefore more appropriate for the forum. The conclusions it draws are clear and your caution I agree with. Note my following reply to heinz. Roebear

To: HairBall who wrote (13307)	5/10/1999 4:16:00 AM
From: Moominoid	Read Replies (2) \| Respond to of 99985

The TYX and NYSE chart on the MDA site is interesting. The interesting thing is that the 1998 crash/correction happened with falling interest rates unlike 87,90 or 94. Sometimes the interest rate is falling because of a rush to bonds and then the stock market goes down. At other times rising interest rates crash the market. Different causalities. The up move so far is fairly small compared to 86-87 and in my analysis already hit the 34 week BB I follow. So I think we have some ways to run if we see an interest rate driven crash ahead. David