B* YES YES YES, long gold, long AOL, I'm dining with Dines.
The failed H&S I was talking about was on the SILVER chart, it's a magnfico reversal. I've been snapping up drubbed and crapped out silver miners today.
The XAU chart also has the evidence of a failed double top reversal, while it broke thru 68 support and then more important 65 support, showing a projection to take out the September lows in the XAU, it has reversed in fine fashion and today came back made resistance/support and bounced.
If you want an analog to this, look at the Nasdaq after the rebound off 10/8. It broke above 1500 neckline, then retested the neckline to make support.
CRB has done this also - today if fine fashion.
Bonds - a symbol of paper assets have broken trend and .. . given the competing Euro, may have seen their day in the sun.
This is a liquidity driven market. We have enough liquidty in the top four or five internet stocks to almost match a decent portion of the DOW. People are being foolish if they think that an internet correction will not affect this market. vERY foolish. I'd bet my velcro fastenend boxer shorts.-g-
Internets are a leading sector, just like the SOXX was into 10/97.
Hard Assets are where it's at. Anything that is attached to a hard asset is going up, everything that is tied to thin air is going the way of that Guy . . . .Branson and his Hot Air round the world balloon -g-
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