Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: ajtj99 who wrote (84949)	9/13/2008 12:35:59 PM
From: bullbud	1 Recommendation Read Replies (1) of 116555

"When the government stands ready to release oil from the strategic petroleum reserve" That's just talk. Not action. "It doesn't pay to complain when trades don't go your way. It does pay to know what's going to happen, however" I only held two miners in this downturn. IMO, stocks that tank 5-15% per day for over a week is NOT NATURAL. What sellers are left after a stock has already dropped 30%?? My guess is most of the true sellers were done after 15%. Not natural and I did very little trading during that time so the trades that "didn't go my way" are not a factor. "As for Gold, I've had $675 as a target off the highs since January." That's wonderful. We'll see. As for me, I saw a distinct trend line from Nov. '05. Looking at the chart, the odds are WITH a healthy rebound from this range. Doesn't mean it will hold up, but charts are all about the historical track and the odds of repetition.

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