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Gold/Mining/Energy : Gold Price Monitor
GDXJ 92.99+2.9%Nov 7 4:00 PM EST
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To: long-gone who wrote (58010)9/9/2000 11:29:39 AM
From: Rarebird  Read Replies (3) of 116753
 
Updated Market Outlook:

Nothing has changed regarding my overall Intermediate Term Market Outlook. I called for a pullback after the Labor Day Holiday and that is exactly what took place. I have profited handsomely on the short side here.

I mentioned previously that one should tune out the Perma Bears and "Clowns" during this pullback and add to positions here. I expect a market blow off in October, where the Dow and S@P hit new all time highs and the COMP approaches 4500.

I expect the current decline in tech shares to be contained at NDX 3700. Success in the US Market requires that one buy weakness and sell strength.

On a more personal note, I would like to say that there are some who would like to attack me on personal grounds or from a standpoint of "political correctness," as GATA slave boys, like Doug do. My response here would be that I have the guts and courage to set forth my Intermediate Term Market Forecast in advance for all to critique and Judge. I have repeatedly stated on this thread that " Learning is my God and Education is my Religion." I mean this sincerely and I have no axe to grind. I have no allegiance to the Bull or Bear case. I am just interested in Profit.

PS I urge everyone to think for themselves and present their unique point of view on this thread.

On behalf of those who will free creative independent thinking and analysis, I wish you the best.

Sincerely,

Rarebird
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