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Strategies & Market Trends : Ride the Tiger with CD
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To: dara who wrote (127970)8/11/2008 2:01:57 AM
From: rubbersoul  Read Replies (3) of 313022
 
Chan says the GDX has corrected 35% from the top. Avg. correction is 33%. So, we are close to bottom....unless gold decides to correct back down to its 50 dma to the 650 area or to its 200 dma which is near 450...gulp. How far up the central banks are able to take the USD is key. Gold retreating a bit now. I have tight stops on HGU and HEU which I re-entered Friday before close. Hope we don't gap down...knock on wood.
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