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Gold/Mining/Energy : Big Dog's Boom Boom Room

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From: Q8	11/17/2008 10:19:21 PM
	4 Recommendations Read Replies (3) of 206157

We interrupt this broadcast to bring you this important update MARKET BOTTOM MARKET BOTTOM MARKET BOTTOM MARKET BOTTOM Oh that elusive bottom, where art thou? Tools to help you decide.. please save your crass comments for elsewhere.. I am here to help us with the value of perfect information so that we can all pool our resources together to figure this market!!!!!!..now back to reading Frederick Forsyth's "The Devil's Alternative" The next week or so could be an important period of time for the stock market. This research is based on the S&P 500’s intraday low of 838 on October 10, which had been the index’s lowest point prior to Thursday’s intraday low of 818. More than a century of bear markets was examined to look for recovery patterns and what came up was very interesting. Market bottoms are almost always retested, and that such retests result in a new low about 40 percent of the time. History shows that three-quarters of the retesting events occurred within 44 days of a bottom, so if the October 10 low in fact marked a bottom, a retest (which could create a new low) should be expected prior to November 23. Did you hear and read that guys and gals.. NOVEMBER 23, 2008!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! The longest span for retesting a low was 104 days in 2002. A repeat of that extreme case would schedule the retest for January 22, 2009.

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