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Strategies & Market Trends : Longer-Term Market Trends

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To: ItsAllCyclical who wrote (1739)	9/18/2008 3:07:32 AM
From: AllansAlias	1 Recommendation Read Replies (4) of 3209

It's a start... Our target was hit and exceeded to the downside somewhat. I said a couple of months ago that I would just wait, after that target hit, until the chart did a clear breakout to the upside. It may have started that recently. I have been out of gold exposure since March, so I don't mind waiting a bit longer. I got lucky enough to pick the top, so I refuse to tempt fate by trying to pick the bottom. Let's see if it can breakout of down channel-ness and put in something impulsive looking on a daily (wiggles). --------- Love how people refer to the "financial crisis" or the "banking crisis". That minimizes what is happening -- the bursting of a monstrous credit bubble -- the one we've been speaking of since 8/9 years in these parts. VIX at 50 yet? -ng

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