st the ewave as i see it is we are in wave 3 of this first wave down. wave 3 is usually the
strongest wave so i expect another big down day tomorrow. i dont see even a st bottom until monday
or tuesday.
it ewave.
the reason i have been so bearish is because so many sectors have been getting killed
eg the semis banks brokers housing . the transports did not rally to new highs
the rut never rallied to a new high. u had the qqqq's out there and the dow
pretty much by themselves
anyhow i do believe we have seen a major top in the qqqq's
and that now all markets will be heading down again into mid december.
the good news is that i believe the gold stocks at that point should be a great buy
the hui is in a wave 5 . my target for the hui is 600 area.
so if we get a nice pullback here there will be a lot of money to be made
in the goldies
thats about it good trading to all
gman
ewave update st and it and hui
Started by
gannman
, Nov 01 2007 05:45 PM
2 replies to this topic
#1
Posted 01 November 2007 - 05:45 PM
feeling mellow with the yellow metal
#2
Posted 01 November 2007 - 07:27 PM
gannman
Thanks for your continuing updates. Good stuff!
Best to you
Peace
johngeorge
johngeorge
#3
Posted 01 November 2007 - 07:37 PM
thanks JG !!
good trading to you
feeling mellow with the yellow metal