SI
SI
discoversearch

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.
Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?


To: Jim Willie CB who wrote (423)6/13/2002 4:32:56 PM
From: Jim Willie CB  Respond to of 89467
 
Seabridge in play, technicals rule, closed at 3/8 retrace

sometimes technical analysis amazes me, despite the years
when on Tuesday, SEA bounced off C$2.50, I just shook my head
since I had said to two buddies that morning the C$2.50 - C$2.60 level might be roughly where 3/8 retracement would maybe show itself
so let's look for a bounce there, in the middle of nowhere

now today we had a low volume retest of that same level
yesterday it got over C$2.90 on the strong bounce
today it slipped below the retracement point, remained slipped, but closed right at the upper end of my loosely calculated interval

this will be a long struggle, nay, A WAR
summer is upon us, school is out
but more importantly this week, OPTIONS EXPIRE ON FRIDAY
plenty of volatility to be unleashed
for the novice, imagine 7 guys bumping into each other, each weilding a crobar, trying to move a big heavy filing cabinet
the cabinet moves a whole lot more than from simple office bumping

I really dont expect the GOLD WARS to have much happen until mid-July
just a jackass guess
this seems like the end of the first inning of Game#1 Golden World Series
the ahole Gold Cartel Cabal is not gonna roll over
they instill fear in the hearts of S&P Bears

currency airpockets are often seen in August
that is the famous month when the Asian Meltdown in 1997 saw its first serious damage, with the near decimation of Thailand's currency and parts of its economy
August is also the month when Russia prepared to default in 1998
I expect some fireworks with the USdollar in several weeks

repeat after me: the Dow sucks dead farm animals !!!
minus 114
A BEAR IS A BEAR IS A BEAR
over & out, cooked & stuffed, stick a fork in it

/ jim