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Pastimes : The Philosophical Porch

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From: Rarebird	10/10/2008 8:53:45 AM
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Transcendental Market Fragments: The Market: The overall decline is that of a slow crash. Nasdaq-100 (December 2008 E-Mini): Nasdaq-100 shows a contracting triangle, followed by a thrust to the downside late yesterday. That should end this leg down soon. Bonds: The 30-year bond futures has been stubbornly holding its support line, so I don't have confirmation of a major, long term trend change in that market just yet. But, the bond hasn't shown much strength in the face of massive weakness in the stock market. Gold: Gold has taken over the traditional safe haven status from Treasury Bonds over the last few days. That most likely represents a signal of future strength in the Gold Market over the next year and a long overdue massacre in the Bond Market.

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