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we are going to 980-1k @least on this rocket ride!


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#31 dharma

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Posted 09 July 2008 - 01:09 PM

dharma: if this is a big C down then if C=A HUI targets 330

A does not have to equal C
i do not know if this is C
read my post above yours.
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#32 dharma

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Posted 10 July 2008 - 09:12 AM

above yesterdays highs on the xau/hui and we have 5 waves up on the hourlies. gold has 5 waves up on the hourlies, awaiting confirmation. the main trend of this market is up. one must be very nimble to play the downside. my cycle work shows a low latter this month, i have learned w/cycle work dominant cycles can recede to the dominance of other cycles. so the low doesnt have to be below the may low for example. it could even be a wave 2. not looking for much in july. however, my plan is stated above. if we have 5 waves up here, that will be the tell! remaining w/the trend, even if my timing sucks, eventually the tide will carry my boat higher. surprises will be on the upside dharma

Edited by dharma, 10 July 2008 - 09:19 AM.


#33 dharma

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Posted 10 July 2008 - 03:07 PM

looks like we have 5 waves up, which means @ least another 5 waves up. dharma

#34 dharma

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Posted 11 July 2008 - 09:56 AM

on the one hand i am happy my stuff is blasting off! on the other, this gse collapse is scary , very scary!!! dharma

#35 johngeorge

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Posted 11 July 2008 - 11:54 AM

<br />on the one hand i am happy my stuff is blasting off! on the other, this gse collapse is scary , very scary!!! dharma<br />

<br /><br /><br />

dharma
I am sure that I am not the only person reading your post today that said: "me too". Govt bailout looks nearly inevitable for them and that is more money creation, ie., more dollars printed which increases inflation. With the Israeli/Iraq rumor today the flight to quality was NOT to the dollar, rather, a flight to euro and yen. Hmmmmmmmmm. When you mention in your posts about dollar toast I cant see it any other way either.
Again, thanks for maintaining this thread. Your thoughts and commentary are always looked forward to. :)
Best to you
Peace
johngeorge

#36 dharma

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Posted 11 July 2008 - 01:16 PM

<br />on the one hand i am happy my stuff is blasting off! on the other, this gse collapse is scary , very scary!!! dharma<br />

<br /><br /><br />

dharma
I am sure that I am not the only person reading your post today that said: "me too". Govt bailout looks nearly inevitable for them and that is more money creation, ie., more dollars printed which increases inflation. With the Israeli/Iraq rumor today the flight to quality was NOT to the dollar, rather, a flight to euro and yen. Hmmmmmmmmm. When you mention in your posts about dollar toast I cant see it any other way either.
Again, thanks for maintaining this thread. Your thoughts and commentary are always looked forward to. :)
Best to you

thanks jg- for your kind comments.
when things are correcting it is very easy to lose sight of the trend. however,being w/ the trend is where one makes $$$$. the govt has been saying for years that it is not responsible for the gse's. israel in the middle east has and will always be a sore spot. frankly i am more worried about pakistan. these are very trying times. its why ultimately gold is going to much higher #S. corrections will occur it is part of the game, however the trend carries all on its back higher.
dharma

#37 dharma

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Posted 14 July 2008 - 09:22 AM

in spite of a weak seasonal backdrop, the metals are powering higher! right in front of your eyes the fed is monetizing fre and fnm. this is not lost on the market. we are almost @the lower boundary of my short term target. the implications of the feds actions is scary! hyperinflation has never ever led to good things. when this is all over as in 32 w/stocks on 10% margin going to todays 50% margin . houses will require 50% down payment. i am buckled up w/arms and legs inside the vehicle dharma

#38 dharma

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Posted 15 July 2008 - 09:28 AM

well this concludes this thread. hopefully the news is not lost on you. they are causing big problems for the future. this will not lead to good things. if you want more info, mike swanson did a good job:http://www.wallstreetwindow.com/content/node/7077. we are on a path of destruction. it will be bleak for a period of time. BUT, i expect the Sun to prevail. anyway gold is going to 1250 before years end. there will be a correction in july august. 850 will not be broken and probably will not be tested , more like 910 @worst. hopefully even those of you who are in the correction camp have been preparing. i would like to hear thoughts from you. the whole world will be engulfed in this gse mess. the dollar is toast. do not be fooled by spin. gold is going into the thousands. it is real. good luck dharma

#39 diogenes227

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Posted 15 July 2008 - 09:40 AM

well this concludes this thread. hopefully the news is not lost on you. they are causing big problems for the future. this will not lead to good things. if you want more info, mike swanson did a good job:http://www.wallstreetwindow.com/content/node/7077.
we are on a path of destruction. it will be bleak for a period of time. BUT, i expect the Sun to prevail. anyway gold is going to 1250 before years end. there will be a correction in july august. 850 will not be broken and probably will not be tested , more like 910 @worst. hopefully even those of you who are in the correction camp have been preparing. i would like to hear thoughts from you. the whole world will be engulfed in this gse mess. the dollar is toast. do not be fooled by spin. gold is going into the thousands. it is real. good luck dharma


Great thread. Very valuable context on a daily basis. Thanks for the perspective, and your diligence in posting.

Best to you. :)

"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).

“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”

 

"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."


#40 dharma

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Posted 15 July 2008 - 10:42 AM

diogenes 227- nice trading and good thread as well! dharma