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

To: bobby beara who wrote (15444)5/31/1999 11:27:00 PM
From: Vitas  Read Replies (1) | Respond to of 99985
 
bobby, there is a possibility of short term sideways action here, Maybe. This is not the place to go intermediate long.

I think we are in an intermediate downtrend. The only question that I can see is are we, in a general sense, in the first or second traunch
of a downleg. First one's are mild in nature and lead to more rallys.

Second ones are deadly.

From oscillators of various sorts I believe we are in the unkind part of things.

Vitas



To: bobby beara who wrote (15444)6/1/1999 5:00:00 AM
From: Roebear  Read Replies (1) | Respond to of 99985
 
bobby,
gold is getting whacked this morning, I am showing 268.1 Aug and 266 spot. Possibly a preemptive move re NAPM data. Also possible beginning of V bottom gold. Or the death of Old Yeller, R.I.Pieces of eight<VBG>.
May be bad Karma for stocks.
Opinions?


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