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Pastimes : The Philosophical Porch

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To: Rarebird who wrote (5900)	9/3/2010 1:00:31 PM
From: westpacific	Read Replies (1) of 26251

The Dome Roof Monthly allows that level...it could be so. It does violate some other levels weekly; but the bear market remains intact even at his target level on the monthly. On the monthly the Dome Roof rest at just below 1250. I do not think we go there....based on weekly chart; but anything can happen with the cartel in control and electronic fiat! To shake the trees hard and allow more selling into the short covering. I do not care; I hold onto my 20 percent short hedge no matter what...insurance. Into the 2016 cycle lows; it is going to take patience to profit. When it breaks; it will be an event out of left field and will break hard...a Black Swan. W

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