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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: IceShark who wrote (46433)6/11/1999 9:28:00 AM
From: Cynic 2005  Read Replies (1) of 86076
 
People, the theory sez a lot of volatility in short period of time indicates a long terms trend change. Especially after a trend was established for a long period of time.
1. Bonds - topped on Oct 7, 1998. Downhill ever since. Sharp losses in the last few weeks. Volatility is not that much compared to stocks. May be more downside to come.

2. Stocks - extremely volatile. Dow traded in a range of 600 points within 3 days over the last 3 weeks. DUNG traded in a wide rage with sharp up and down moves as well. Indicates a major topping action with a change in trend very likely sooner than later.

3. I am beginning to see some volatility in gold as well. Check this out kitco.ca (you can witness the volatility for the last 3 days very clearly, an observation may be good only for today as this is a dynamic link.) If interest rates continue to go up and stocks take a beating, stage is being set for a rally in gold.

Perhaps this is my positions speaking. But that is how I see it.
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