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

To: pater tenebrarum who wrote (13516)5/11/1999 9:58:00 AM
From: HairBall  Read Replies (2) | Respond to of 99985
 
heinz: The INDU rose up and bounced off the 5/4 high. It has now moved above that intraday support/resistance line.

The UTIL falling at the open found support at the rising trend line off the 4/15 low.

The NDX and DOT are not showing as much strength as expected. They both lurched upward and stalled quickly. This suggests selling into the rallies.

Will the IPO by the TSCM be able to boost these Indices today?

Regards,
LG



To: pater tenebrarum who wrote (13516)5/11/1999 10:42:00 PM
From: Roebear  Respond to of 99985
 
heinz,

Found this old quote today from Greenspan:
"...Nor can private counterparties restrict supplies of gold, another commodity whose derivatives are often traded over-the-counter, where central
banks stand ready to lease gold in increasing quantities should the price rise."
bog.frb.fed.us

I wanted to add this to my BOE gold sale/interest rate vendetta, just found and "stole" it today from kitco's Y2000.


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