Ask DrBob Message Board - Msg: 24789319

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Strategies & Market Trends : Ask DrBob

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To: Drbob512 who wrote (99144)	7/24/2008 5:01:04 PM
From: shadows	Read Replies (1) of 100058

View here is to stay on the short side for next couple of weeks,target for the SnP 1170ish by end of first week of August.After that who cares until the fall,and then it could get really scary. Have to say that in the face of a serious global slowdown (that might last a couple of years)that Oil is hugely overvalued,next support for which is $121 and then $110.Fair value is about $80,a target for 2009.Have actually started making money on this trade after a succession of bad ones,as most Board members might recall! Gold is getting interesting again,would be a buyer at $900ish, for the big moves that normally develop into and with the hurricane season.

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