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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Jim Willie CB who wrote (50620)4/27/2002 7:30:44 AM
From: Clappy  Read Replies (2) of 65232
 
JimmyJaqass

ominous 3-yr USdollar chart, topped & rolling over

It certainly is falling hard and could very well be the early warning sign of the doom you've been screaming about.

Big Al can rev the printing presses to save the markets.
M3 has been on decline since March. So has this market...

If the Fed can't pump then it finally will get to seek it's natural level...

The one thing that keeps effin' with my brain is the positive gold and PM articles and posts that are flying about.
It's almost becoming a mania among message boarders.
Will it make it's way out into the public.
Will I soon hear landscapers and deli owners telling me about the gold stocks and bullion they've been buying?
Or are we approaching a temporary buying climax.

Is my mailbox going to be filled with those trashy "Get Rich with Gold Stocks" infomercial periodicals like I used to get during the internet bubble?

$XAU and $HUI have been blowing up past every oversold indicator I can think of. Even the candle sticks were telling me it was done on Thurs but Friday they were negated.

My morning news radio station has even started telling me what the price of gold is, now.

Anyhow, the market can certainly use a good wash out.
It's clearly ignoring all the good data coming out.
Chips sector looking like a possible rebound... GDP numbers showing growth... etc...

With out the Fed's printing presses going full bore, it seems that the market will finally seek out it's own level.

I just wish I could figure out where that might be.

As negative as I feel about the market right now, the VIX, $BPCOMPQ, $CPC and other indicators does not reflect my same outlook...
May take some more bloodletting...

-JohnnyJackass
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