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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: Jack of All Trades who wrote (83672)	10/6/2003 8:30:02 PM
From: nspolar	Read Replies (1) \| Respond to of 209892

My take is that a failure is in progress, and perhaps a major trend change. Too many blind bulls and not a lot of LT fundamentals. If the dollar cracks 92 this evening I start buying LT poots tomorrow, and C is at the top of my list. 92 is a huge psychological level imo, and it won't bode well, temporarily. As for C it has to crack 48 to convince me, and it has not done that. Right now it doesn't appear to me it is going to do that. A most likely scenario to me is a sharp drop, perhaps a full rebound and another failure, followed by a large drop, but all that is a ways into the future. I got some nice bullish forks for GC03 and HUI. Course there are the negative ones, but they seem more contrived. Buy gold related issues, sit back and relax, let it come to you. Diversify with timely shorts. "Richard Russell, says - don't mess around, just buy the good shares on dips and sit it out...... that it will be the hop- in- and- outers who miss the gold run." And so far imho it has been exactly that. Especially with the paranoid schizo types. The daily hop in and outers are having a hell of a time, w/r to gold equities. They all like to put on a strong face, but they are only shitting themselves. Roll with the flow, do some EW and try to get in at the base of the major waves, and out at the top. Do a little rotation in the upper half. news.goldseek.com