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Strategies & Market Trends : Take the Money and Run -- Ignore unavailable to you. Want to Upgrade?


To: John Pitera who wrote (1472)6/1/2002 12:42:15 AM
From: Jorj X Mckie  Read Replies (1) | Respond to of 17639
 
If I were to look at the chart for the POG objectively....let's say that I didn't own a bit of the yellow dog, I would say that it looks awfully toppy.

stockcharts.com[w,a]daclyyay[pb50!b200][vc60][iUb14!La12,26,9]&pref=G



To: John Pitera who wrote (1472)6/1/2002 12:40:42 PM
From: Jorj X Mckie  Read Replies (1) | Respond to of 17639
 
JP,
Just got done perusing the threads....

Here is my conclusion....I am positioned wrong going into Monday.

The bear has raided the picnic grounds and is thrashing through the pick-a-nick baskets.

The one thing that may temper this is that there is a predominant view that gold has topped for a while. Even the CFZ seems to be in that school.

Perhaps Monday will rally if nothing happens in India/Pakistan/Israel/Mideast this weekend. "Gee, the world didn't end, I guess it's ok to buy stocks". But gold will still go up......Just firing some neurons, not deep analysis.