P&S and STO Death Blow's Message Board

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Strategies & Market Trends : P&S and STO Death Blow's

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To: megazoo who wrote (3867)	7/23/2002 12:24:26 PM
From: Jeff	Read Replies (2) of 30712

not sure what to make of it.....i didn't expect the big dump in golds till the nasdaq hit under 1200 and had its sucker run back up to 1400..... the powers that be are making sure theres no place to hide...<gg> if golds start going up with the market before the fall crash....they will explode big this fall as the market crashes again..... maybe the big boys are doing the early setup now and shaking out the little guys trying to hide....that way as the markets go into a sucker run soon most will chase it back up and big money gets to buy all the cheap golds while nobody is around.....then make them pay premium prices as the market crashes again..... its a tough market to get right.....but it might be wise to ignore the sucker run back up in the markets....or at least keep one eye on golds to see if they are moving at the same time.... because in the end....the sucker run should lead to another crash as golds should be heading to higher highs going into 2003..... so looking at the big picture....if the retrace stays on track.....the bottom coming in the markets should have just a shortlived rally back up before a bigger fall....but the gold bottom coming up could be a good bottom for a long hold going into next year...... thats the way i'm looking at it at this early stage.....

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