Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (40822)	11/4/2003 6:25:50 AM
From: macavity	Read Replies (2) of 74559

Jay, just kidding. I am a bear, and I am not even hibernating like ACF, though I do admit we are in a bull market here. My guess is that assuming Oct2002 was the bottom, then the top should be reached before Q2 2004. That gives the cyclical bulls a good more 6 months or so, there is no need to get aggressively bearish until 1) Monthly stochastics turn down, and then 2) Indices close below previous quarterly lows. I am just pointing out that there may well be better entries to go long Doom-and-Gloom. You just got to know your timeframe. If you can stand a draw down to $GOLD=335, now is a good time to buy/average in. I have to be more nimble unfortuneatly. There is still a strong possibility that we are just moving sideways in gold, if so then any move up should take us over $400. That would get a few people commentating. We are approaching short-term o/sold so one could always look to buy at support 370/65 region with a tight stop say at 360. Here is a similarly (intermediate-term) confused GoldBug/DollarBear: gold-eagle.com -macavity

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