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Strategies & Market Trends : The coming US dollar crisis

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To: gregor_us who wrote (26916)2/6/2010 4:46:07 PM
From: LTK0071 Recommendation  Read Replies (2) of 71409
 
i never disagree with your FA logic, it is and has been wholely sound, but TA wise there must be a follow up next week top confirm what amounts to a bounce in the entire market in the last 60 minutes--all ships went up after SPX hit its 200ema.
i am ready to go into TBT , but i am bit suspect over the wave of euphoria on the bounce in the miners.i hope for those running in,that I AM WRONG, i mean that!
But i just can't not join the choir right now.
So much depends on overall market direction, miners have been for sometime been plunging when market is going down and rising hard when market goes up---the Beta on the miners has been extreme in BOTH up and down action in the overall market.

That GDX moved from 39.48 to 42.40 in the last 60 min is exciting, but so did everything else do this---
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