MARKET THOUGHTS

well hi folks it's been a while. i'm stopping in to share some targets that i set months ago that are being or will be reached tomorrow. for the S&P my 1340 target figured last October is here. i certainly didn't think we'd get here so fast. my target for the NAS Comp is still short of 2950 -3000 and my RUT target of 780-800 was surpassed and is reseting to 1000 however for now i've been holding the RYPMX looking for an explosive move...which should be near Friday or next week, but as of today i'm exiting 100% of the RYPMX and going short the RUT thru RYIRX 100% for a quick trade. there are only a few signals that support this,....but trend is not one of them so i will not hold for more than 2days. if this doesn't look good tomorrow i may just bounce back into the GOLD position, esp if it pauses at resistance here... before the potential POP. as i watch the momo and for other watchers it is in the area of ENV so one has to be Very Cautious .. whether we are being Pumped with Fed money to new breakout highs .. or not ! best wishes

Edited by Mr Dev, 16 February 2011 - 03:58 PM.

xau....R@217.....226 S@208.........202 One may take a look at RYGBX

Edited by vitaminm, 16 February 2011 - 04:35 PM.

There is a good seasonal sell in silver starting this week and running through 4/23. Astrology playing its part on 2/14 and 2/18 dates. I took a stabe short on ZSL last week and got out on the gap lower. Re-entered on Monday at the new high, it looks like it could have topped out today. If you look at GLD after it broke through the old highs after 2009, it hit a major correction in the bull at about the same point as SLV is now. I note that correction looks similar to date and am looking for a follow-on pattern down to lows below 23-25 before a reaction, if we actually are at a short term B top for the rally since August. The easiy money is over and it gets a little tougher between now and May. I do note that silver is behaving in an inverse manner to the rare earths and the general market today, which is what had me worried about conflict in how I could be bullish on rare earths and bearish on silver short tem.

xau....R@217.....226
S@208.........202
One may take a look at RYGBX

thanks vita
rygbx looks interesting as well as...rysbx

There is a good seasonal sell in silver starting this week and running through 4/23. Astrology playing its part on 2/14 and 2/18 dates. I took a stabe short on ZSL last week and got out on the gap lower. Re-entered on Monday at the new high, it looks like it could have topped out today. If you look at GLD after it broke through the old highs after 2009, it hit a major correction in the bull at about the same point as SLV is now. I note that correction looks similar to date and am looking for a follow-on pattern down to lows below 23-25 before a reaction, if we actually are at a short term B top for the rally since August. The easiy money is over and it gets a little tougher between now and May. I do note that silver is behaving in an inverse manner to the rare earths and the general market today, which is what had me worried about conflict in how I could be bullish on rare earths and bearish on silver short tem.

noted. im just thinking based on the FEDs QE operations thru March 9th everything that should pull back may find support and even continue higher ..ie gold,..but wow who knows about NAT gas

they are clobbering that UNG ever day the broad markets go up. kinda an inverse reacting index.

Edited by Mr Dev, 16 February 2011 - 06:43 PM.

Dev, what is ENV???

Dev, what is ENV???

Hey MG how's it giong?

The ENV stand for an Extreme Negative Volatility area on the chart, maybe i'll rename it the ENVA for area or ENVZ for zone.

Dev, what is ENV???

Hey MG how's it giong?

The ENV stand for an Extreme Negative Volatility area on the chart, maybe i'll rename it the ENVA for area or ENVZ for zone.

I doing pretty well, hope you are doing well, I was up in January down in February...

My fundamental analysis is extremely bearish, waiting for price to confirm, but have dipped a toe, I must admit...

I might add, I have tomorrow or Friday as down(maybe both but that would be rare), not sure which yet, will have to see overnight action...

any updates DEV? =)