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Has anyone noticed

Started by skott , Jul 26 2009 05:56 PM

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9 replies to this topic

#1 skott

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Posted 26 July 2009 - 05:56 PM

I'm talking about gold stocks. They bottomed and rose before the market but aren't any where near the highs of this year.

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#2 IYB

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Posted 26 July 2009 - 06:07 PM

I'm talking about gold stocks. They bottomed and rose before the market but aren't any where near the highs of this year.

That's true of basically all commodities, and my "bell weather" issue, CME, which tends to lead commodities and equities:

http://stockcharts.c...18934&r=588.png

“Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, one by one.” ― Charles Mackay, Extraordinary Popular Delusions and the Madness of Crowds

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#3 VolPivots

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Posted 26 July 2009 - 06:17 PM

Interesting you mention that....I'm trying to work up some non-traditional "liquidity" indicators other than your standard breadth/volume type stuph. Gold stocks may be lagging a bit, but methinks Silver:Gold ratio is a better liquidity gauge. Another is what the Yen is doing....weaker yen and the Japanese central bank pumping liquidity into the system? Also watching the IEF:COY ratio. Finally, noticed a little bit ago the the TED spread is near its low since stockcharts started posting it...appears that"the world is awash in liquidity" once again...

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#4 skott

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Posted 26 July 2009 - 06:18 PM

could be giving us a clue. They may still be leading. time will tell

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#5 skott

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Posted 26 July 2009 - 07:53 PM

this is still the best count I have seen. for wave 5 to equal spx would have to go another 50 pts higher. could easily do it. At the same time you can count it complete and it can truncate. Just presenting some e wave. If this is correct I would still only expect a wave B pullback and then alot more upside.

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#6 CLK

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Posted 26 July 2009 - 08:17 PM

this is still the best count I have seen. for wave 5 to equal spx would have to go another 50 pts higher. could easily do it. At the same time you can count it complete and it can truncate. Just presenting some e wave. If this is correct I would still only expect a wave B pullback and then alot more upside.

I don't know, I think were still in wave 1 of this move.