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Gold/Mining/Energy : Gold & Gold Stock Analysis -- Ignore unavailable to you. Want to Upgrade?

To: crustyoldprospector who wrote (218)	9/13/2003 7:58:54 AM
From: loantech	Respond to of 29622

crusty, It could be a long 6 weeks. tom

To: crustyoldprospector who wrote (218)	9/13/2003 6:57:49 PM
From: yard_man	Respond to of 29622

the Rydex numbers have no context, IMO -- one could also interpret this as a potential fundamental shift. Bull markets have stages. He needs to show considerably more history there to make any kind of a rational argument for an extreme. I am also as dubious of trying to fit prior gold market cycles with this one as I am when I see charts of the Nikkei overlaying the NDX or COMPX -- it's useful to think about behavior in broad terms -- but certainly not a roadmap of any sorts. The lease rate info is supposed to be signficant?? Or maybe the zero crossing?? You can find at least 5 or six counter-examples on that graph where the first zero crossing preceded a continued rise. Why so critical? It's just that I think you can use more classical TA tools to greater benefit than the stuff in that McClellan Market report. Miners have had a nice run here to be sure -- I bought some protective puts last week, but I'm not ready to sell yet. If you are a more agresssive short term trader -- last week was not a bad place to sell a good portion -- but I'm looking intermediate to long term. Some of the leaders don't look overbought to me.