SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : John Pitera's Market Laboratory
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: nspolar7/29/2008 1:11:12 PM
  Read Replies (2) of 33421
 
The motif in the general markets since the last pivot low is still up, and will likely remain up until end of August or so. Then the shit will hit once again this year, latter part of Sept and on into Oct for sure.

The motif in the dollar is up and will remain up for weeks.

The motif in the HUI is down and will remain down for weeks. My target low for later this year is 235. Will start looking however at around 290.

I tend to doubt the next big low in the HUI is the final low. I favor a decent low late this year, a good bounce first half of next year, followed by a double bottom or a slightly lower low (190 area for example). I think that happens in the fall (of 2009).

Even so I intend to make some LT type buys, starting late this year. We will w/o doubt be getting into the area for LT investing again. And some issues I suspect will actually start moves up this year and put in higher lows next year.

2010 and for a few years beyond will be very boisterous for base and precious metals, imo. The HUI will enter a huge B wave that will take it to a new all time high. Many will once again pronounce that the vaunted 3rd wave is in effect, but alas it will once again be a premature prediction. No matter, a B top of 600 to 700 in the HUI, from 190, will be a tremendous move.

Paas shorts, GG puts, Dug calls doing super.

TF
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News