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the board is back


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#1 dharma

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Posted 11 August 2010 - 11:19 AM

interesting that the board comes back one day after the bradley turn
saw this yesterday
http://business.tony...ote-of-caution/

and martin armstrongs latest
starring into the abyss
http://www.martinarm...s-7-31-2010.pdf
me i am trading more than i d like
raised some cash and now am waiting to add to juniors
and wait mode
dharma

#2 dougie

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Posted 11 August 2010 - 11:46 AM

dharma: didnt you have a low in here somewhere?

#3 inamosa

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Posted 11 August 2010 - 03:59 PM

nice to see the board back!
"Our job is not to predict where the market will go, but to interpret daily price and volume action to ascertain the facts of the current environment and make decisions based on that interpretation."
-Scott O'Neil (son of William O'Neil), Portfolio Manager at O’Neil Data Systems, when asked where the Dow would go in the coming months

#4 stubaby

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Posted 11 August 2010 - 08:31 PM

8-11 A re-test of wedge breakout would look ugly BUT SHOULD BE BOUGHT IMHO as a slingshot to $56+ should follow especially IF $47 holds!

http://a.imageshack....0/1351/gdxy.png

stubaby

#5 dougie

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Posted 12 August 2010 - 02:21 AM

why to 56$ stu? That looks a lot like a H&S top and measures down to the FEb lows which imo is not out of the question

#6 JGUITARSLIM

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Posted 12 August 2010 - 07:58 AM

Bull doing nice job knocking off riders. Looking at the Rydex data, massive liquidation in miners over last month or so.
Worth noting. commercials net short position (222K contracts) close to lowest level in past year.
I am amazed at overall sentiment, given Gold is trading just 3% off all-time highs.

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#7 stocks

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Posted 12 August 2010 - 10:12 AM

Dow-gold ratio heading south

http://stockcharts.com/charts/gallery.html?$INDU:GLD


Kid: Mom, are we there yet?

Mom: Yep.


http://www.traders-t...howtopic=122270
-- -
Defenders of the status quo are always stronger than reformers seeking change, 
UNTIL the status quo self-destructs from its own corruption, and the reformers are free to build on its ashes.
 

#8 senorBS

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Posted 12 August 2010 - 12:23 PM

Bull doing nice job knocking off riders. Looking at the Rydex data, massive liquidation in miners over last month or so.
Worth noting. commercials net short position (222K contracts) close to lowest level in past year.
I am amazed at overall sentiment, given Gold is trading just 3% off all-time highs.

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Muy interesting charts, gracias. Been accumulating GDXJ yesterday and early this morning, sector is looking bueno, I will add on any pullback.

PURE BS

Senor

Edited by senorBS, 12 August 2010 - 12:24 PM.


#9 dharma

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Posted 12 August 2010 - 01:44 PM

right here in the short run, pick em! i still think we may have one more surprise down move , not of consequence , but to shake the bulls . sept starts the run in earnest

this piece shows that bp is not telling the truth
http://www.youtube.c.../24/C2WtHacAXG8
i found it fascinating


anyone think matt simmons was taken out!!!?
dharma

#10 JGUITARSLIM

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Posted 12 August 2010 - 09:00 PM

8-11 A re-test of wedge breakout would look ugly BUT SHOULD BE BOUGHT IMHO as a slingshot to $56+ should follow especially IF $47 holds!

http://a.imageshack....0/1351/gdxy.png

stubaby


Nice chart Stu. But I see a bigger multi-year slingshot forming :D
I can feel the compression. This chart looks like to me like it's close to busting.
I wouldn't be suprised to see HUI 800+

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