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

To: pater tenebrarum who wrote (15817)	6/3/1999 6:49:00 PM
From: bobby beara	Respond to of 99985

Heinz, from a sentiment view you will love this one -g-, several days ago i reported here on mda the extreme level of bearishness in some of the foods like cocoa and sugar (5% bulls) cocoa is now up 15% in just a few trading sessions and the CRB is on a tear, could be making the handle of a cup and handle formation. Gold is in a parallel downchannel, i think once it breaks that channel we should get at least some relief rally that should make the XAU move, the XAU is leveraged at these low levels greatly to the price of gold, consider the move recently compared to the POG. The Dow looks like it is trying to break thru it's parallel channel to the upside and the OSX and specialty retailers are doing the same. many major techs and nutz continue to slide down the slope of hope -g- bwdik, bb