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Politics : Welcome to Slider's Dugout

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From: wsw1	10/31/2006 3:24:50 PM
	of 50720

COT Continues To Fights Losing Battle Author: Jim Sinclair Dear CIGAs, $612.80 is the place where the cheerleaders for our dear COT friends are chanting “Hold that line! Hold that line!” It really seems silly when it is not if, but when $612.30 will be taken out on the upside. Following this, $680 comes into play along with new highs for this generational bull market. COT has been fighting this bull with negative PR and bear raids since the low at $248. The last five minutes of yesterday’s session was pitiful in the lack of camouflage of a bear raid that has today failed. The US dollar has taken on a foul look. Should it trade below .8400 it will return to a full blown bear market. You have two numbers of significance: .8500 kills the bull’s extreme estimates and .84 kills any bull hope at all. These jerks still think they are right even in the face of having lost a fortune by standing in front of a locomotive. They still stand there.

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