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Strategies & Market Trends : Ask DrBob
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From: shadows2/6/2009 2:33:49 PM
   of 100058
 
Still looking to take out those Jan. 6th highs in the next week or two,which is 930ish for the SnP.If Mr.Market accommodates this technical view,which now seems more likely, then 1000ish by the first week of March could be on the cards.At that lofty level big sellers will come out to play as the bear market rally of some 25% off the lows will have made the brave traders a ton of money whilst killing off alot of shorts.
The big trade this year will still be gold,already up from $810 mid-January low.Even the PPT is now bullish gold,so as the trillions of debt piles up so will the gold price.
Good trading to all on the Board,which is keep it simple and take the money!
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