Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

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To: GROUND ZERO™ who wrote (64108)	9/19/2014 9:11:05 AM
From: Fintas	1 Recommendation Read Replies (1) of 218713

Gz, Granted what you present could happen. What I was attempting to do was present a near term view which suggests that a drive to 1200 without a bounce is unlikely and that would allow for a near term rally in nugt. That could be at 1220/1214 or a shade lower to then push towards the 1242/1260 etc. and not getting too far past 1300. Here and now I don't see straight down to 1180 or 1174. However given other details the chances of this being where things turn up to go to 1648 if very unlikely. That turn down in the bp precious that is now touching 32 supports going to 22-24. That's conservative. ( I put that chart up over to toco's board) A turn down in the avg strongly suggests 1174 and then some.. Those who want to own gold and hard asset should consider the AND THEN SOME. Because just as apple 448 was safe from 700 and it went to 385 ish.. or another 18% lower Granted when it bottomed it did a full retrace. However there was no guarantee apple wasn't going to 324/290. One can not forget APPLE had some help. GOLD may not and to date has not gotten that help.. That means GOLD was in the 300's back in early 2000's. Who says it can't return to 486? 684/810/972/1026 Some say it can. Especially the 972/1026. Here and now though.. 1202/1180/1174 OR.... 1214/1218/1242/1260. I'd lean the latter before gold heads to 1174. We shall see. Fintas

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