Senor smells a top
#1
Posted 11 February 2009 - 10:48 AM
#2
Posted 11 February 2009 - 11:30 AM
is getting close in metals sector amigos. if long maybe tighten those stops mucho.
PURE BS
Senor
I was loaded for this last push but I think we may be in for one more deflationary scare.
#3
Posted 11 February 2009 - 11:40 AM
johngeorge
#4
Posted 11 February 2009 - 11:44 AM
That nose (knows) has an excellent long term record. At least as long as I have been on this board.
Thanks for your heads up Senor.
I may be wrong, who knows, but what Senor sees now usually means an importante top is near. Maybe different this time?
BSing away
Senor
#5
Posted 11 February 2009 - 12:43 PM
#6
Posted 11 February 2009 - 01:04 PM
#7
Posted 11 February 2009 - 01:13 PM
#8
Posted 11 February 2009 - 01:32 PM
#9
Posted 11 February 2009 - 01:45 PM
#10
Posted 11 February 2009 - 02:18 PM
i hope you are correct. that would be sweetthere will be no top until april 17th 2009, the Marty Armstrong cycle point.
at that time gold price should be near 1250 and the mining stocks will be at their old all time highs.
this case is supported by the very large inverse head and shoulders patterns we are seeing on mining indices.
mining earnings late NEXT WEEK. we may do a short term top on the earnings... pull back to neckline support after that and THEN resume higher to challenge all time highs.
dharma