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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 679.68

+0.7%

Nov 26 4:00 PM EST

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To: Johnny Canuck who wrote (43393)	6/10/2006 8:30:12 AM
From: Logain Ablar	Read Replies (1) of 68330

Harry: sometimes its best to look @ the unloved stocks. From this point I assume it falls less than many of the other techs is liquidity continues to be drawn from the system. (it also plays out in my TA scenario of markets down into SEPT / OCT and its new products coming out late this year early next). TA wise the ?? is did we hit THE lows this week (with a retest sometime between now and Sept) or do we have a mild bounce and then start down again (only time will tell). The safest course is still to wait for the internals to reverse to a positive mode and I'm still targeting October (who knows). RTS still has a good road map to follow regarding the election cycle. With the liquidity being drained I expect the SA golds HMY and DRD to do well (once the selling is drying up). The RAND strength over the past 2 yrs (which is making them high cost producers) has started to turn south in a meaningful way (also due to liquidity draining).

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