April Gold Futs and more.
Sinclair has been extremely bullish lately. Maybe it is because he sees something similar to this. This would have a few more days of upside here, then a short iv of III of 3 correction, followed by another major thrust up.
ttrader.com\'s%20charts&id=427&d=2
What about targets? On the cash HHG fibs w/r to the length of wave 1 are plotted, for wave 3 which is in progress. This would suggest a target of
438 for the end of iii of III of 3.
463 for the end of v of III of 3.
534 for the end of 3.
ttrader.com\'s%20charts&id=427&d=2
I'm following things up, basically, re my silver and gold holdings. I sold a little to day, to generate cash for my USPIX purchases. I'm going to continue to dribble it in and if necessary chase it on down. Not going to capitulate. My purchases are minor, yet, compared to my portfolio. If things continue I may go huge short. Huge. Like 50% of my portfolio.
Buying more puts on Monday. BKX stuff. Hopefully EBAY pops one more time, if it does I buy some more there as well. I don't think I lose on these puts. I'm buying mostly in the money, but out in time. The news today may have put a cork in this market, and by the end of '04 I still believe a lot of sheep are going to get sheared, just before winter.
There is not much liquidity left, to drive this market higher. It has to crap back soon, before a rebound (how high who knows?) and a big long crap. IMHO. |
