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As we look at weekly charts in the S&P and Xau we can see that 75% of
the time when gold goes one way S&P goes in the other direction. The
best was the top in gold on October 8 and low in stocks. So I asked
the question when this isn't true what has occurred???
In Feb-April of 1996 XAU and S&P went up together in what can be
categerized as a Vertical market for the S&P where every week the
stocks made a higher close and a higher high. Are we setting the stage
for that now??
Consider the following....Pit bull says stay away (yes their indicator
fails) The Advance Decline is in the pits. The NYFE is at about the
same value it was last July....???? 1630 S&P here we come???
==
Big Lucky Dick
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