Waiting for the big Kahuna Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Waiting for the big Kahuna

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Bull RidaH who wrote (30486)	10/6/1998 7:37:00 PM
From: bobby beara	Read Replies (2) of 94695

DP, The second scenario . . . I prefer this scenario, because, I feel that gold stocks will peak just before the market makes it's next leg down and gold stocks will be sold too cover margin call selling and could make a right shoulder with the december/jan lows or bounce off the 200dma. There was an easy 5 wave count spike off the 9/1 lows, the corrective period after that looks like a wave two, when comparing the time period to the time period of the corrections in the leg up since. The Bond market looks like a blow-off peak and I believe they will be sold by foreigners, who see declining values because of the $USD. That leaves Gold as the final store of value in this financial crisis. DJU made the projection peak of it's failed H&S pattern of 9/1 and looks topping to me also. bb

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next