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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: mishedlo who wrote (88471)6/29/2002 12:36:25 PM
From: Smart_Money  Read Replies (1) of 99280
 
If POG goes to 400.00 JPM will have a lump in the throat. I think the only way we see 400 to 800.00 gold is some kind of unforeseen attack or war. I predict gold to say in present range. Although the trendline break is concerning most manipulations give way to market forces sooner or later.

What we are seeing in equities is a typical double bottom bounce where the shorts cover and go long. We are definately at the APEX many have said this in the past but this time it's for real. Either the market find this as the true bottom OR we break down and below. My guess is we break down since the US Government want to change the tax code and accounting rules. Every time the Government fiddles with sectors they really screw them up... ie: 1986 Tax Code for Real Estate, the deregulation of Airlines, Telecos and Energy.
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