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Strategies & Market Trends : The Millennium Crash

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To: bobby beara who wrote (3294)8/31/1998 5:07:00 PM
From: Arik T.G.  Read Replies (1) of 5676
 
BB,

Gold (physical coins) looks good as long term investment.
As hedge against the MC you need to have cash and gold coins.
In depression, cash is king. In the MC, gold is a semi god.
When/if faith in currency drops, gold will run wild, but in the early stages of the crash we are witnessing, shorting is still the best.

Wave count-

We're still in the middle of the crash phase (second leg down, or 3 of the big 1 of the MC). The internal reading is tough, but it looks like we're about to complete 1 of 3 of 1. A gap down tomorrow will probably be enough for a snap back rally to OEX 510 area.
Then the 3 of 3 of 1.... ohmygod, if this is what the 1 looks like then Dow 5300 next week is not out of question.
Everybody thought that a rally is in order today.
Everybody wanted to sell into this rally...
Looks like the Millennium Crash is underway.

ATG
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