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Strategies & Market Trends : Longer-Term Market Trends
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To: NOW who wrote (1610)8/11/2008 5:34:37 PM
From: SwampDogg  Read Replies (3) of 3209
 
Based on the 1998 analog of the $COMP the $HUI should be at new ATHs in the next couple of months. Key stocks like ABX and AEM are at strong monthly support right in here. Ugly stuff but very bullish imminently. FWIW in 1998 CSCO went from $17 to $10. 14 months later it was $80. This correction did turn out to be of one higher degree but it just makes the next 6 months even better. Target of $HUI 600+ by Xmas and over 1000 in 2009.
Massive volume very much like 1998 in general market.
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