SR,
Thanks for the added comments. Yes, the turnips have been on an incredible streak even if Mark Johnson and others don't appreciate the value of Zeev's incredible calls. His timing HAS been impeccable, so I will be ready with my eye on the tape and my finger on the trigger as Friday approaches. I don't need to hit the exact bottom, especially if we get a 25% rally in the Naz, but I will do my best to try ... with a little help from the friendly turnips. <GGG>
<< Great credit to Zeev for his near-pinpoint accuracy on this leg! >>
Yes, give credit where credit is due. Zeev also picked the September bottom perfectly. I went 100% long in my 401K on the absolute closing low, but unfortunately settled for 10% profits, leaving much of the profit on the table. No complaints, though. My 401K has remained mostly in cash for the past 2 years, so I am WAY ahead of most.
<< my charts show that time (7/3-7/8) as the gold peak nearterm >>
I have several positions here and will look to take profits if/when offered. I am bullish gold long-term and intermediate-term, but short-term I would happily settle for a double top around XAU=88. Of course, I will take profits sooner, should the market conditions warrant it. Even 7/3 should give the XAU plenty of time to make it up to 88 ... should it feel so inclined.
Good trading - Ken |
