Mark,
As a friend, I emplore you to look at your weekly and monthly charts on NEM.
I am not here to detract, but to add what I can.
Much to be understood from looking at different time perspectives in my estimation.
In general, all indicators work the same in different time frames, but some are skewed.
There is no other that I would trust more than you, and I trust none here!
Take a look, another look at the S&P 500 and tell me your perceptions, and keep your short term view within your long term view, good friend!
We can be both right and wrong here within a little box and both be right. I see the S&P not reaching 1100 and not making a new high here, what think ye!
Oil and gold will certainly have their day, and so will a lot of others.
The decision for us here is to be long this or that or short this or that, or to simply stand flat!
My lesson for the day is if in doubt, get out!!
Do not know if I help or hinder, but it is given freely and best to you and all, and I enjoy your discussion--
Will contact again in a couple of weeks and see where we are!
JR |
