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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: mishedlo who wrote (5120)	1/14/2004 10:22:15 PM
From: yard_man	Read Replies (4) of 110194

>>I would love a pullback to the 200MA we would have fantastic entries there<< Now wait a minute <g> we wouldn't either ... I'm still long gold miners 200 dma is 182 -- I doubt we are going that low near term. Everyone has this tendency to extrapolate recent history -- especially if it was bad -- yeah, I'm talking about summer 02. I think folks looking for that kind of decline are going to be disappointed. I'll let you know if I change my mind take a look at that 3 year chart mish. How many folks do you think sold that first spike to 80 and never got back in -- or sold the spike to 150 and didn't get back in?? or anyone of the intermediate spikes in between?? anyone seen slider <g> some like to trade around a core some like to buy a few puts now and then some like to believe they can pick THE top in a bull market some folks hold through gut wrenching selloffs some like to buy calls when everyone is saying it's over lately there's been a lot of put buying in the XAU and a lot of timers very cautious.

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