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

To: danderso who wrote (14856)	5/25/1999 2:28:00 PM
From: bobby beara	Read Replies (2) \| Respond to of 99985

Dave, from the reversal on the trendline on the CRB and the failed base, the trend is still down in commodities, so this rally in oil may be a dead cat bounce or the beginning sign of the reversal of the major trend in commodities. There are some sentiment indicators showing a bottom in some of the foods, Cocoa has 5% bulls -g- Everybody has jumped on the cyclical bandwagon, the herd is in it might be time to step aside. The inflationery peak in 1980 with the mania in gold created such an excess that we are now getting the other side of the picture now with the bottom hard to find in gold and commodities even with such bearish sentiment. Flip this around and you will see where the internet indexes are headed -g- bb