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Non-Tech : The Woodshed -- Ignore unavailable to you. Want to Upgrade?


To: Cogito Ergo Sum who wrote (4807)4/24/2004 5:38:04 PM
From: nspolar  Read Replies (1) | Respond to of 60920
 
I can't help notice the date on that post (and chart). Is that hindsight?

A few weeks ago I sold heavily in large because of the sentiment meter. Today I think the meter is much better, and that post provides some evidence.

A realistic goal if you are a LT believer in the pm bandwagon is to trade up during these corrections, at least partially. If you do that, and the LT bull remains in effect, you will do just fine. The worst thing to do is to have to continually pay up, and only get a dab here and there.

At least that is my opinion.



To: Cogito Ergo Sum who wrote (4807)4/24/2004 5:39:53 PM
From: jimsioi  Read Replies (2) | Respond to of 60920
 
Spotted Cat, interesting chart and points...

Looks to me about the same....some rally here, prospectively off support in somewhat oversold condition, but if and when that should fizzle some downside risk, especially if the dollar holds in here...

Talk about fragile, see the CRB here..
stockcharts.com

CRB weekly, breaking down from 275..indicators in retreat...
stockcharts.com[h,a]wacayyay[df][pb8!b40][vc60][iUb14!Ul14]&pref=G

Watching Crude - $35.60 looks key, a break of which would lead pretty quickly to $34.80 and put considerable pressure on the CRB...
stockcharts.com[h,a]dacayyay[pc50!c200][vc60][iUb14!Ll14]&pref=G

Given the news coming out of IRAQ and the associated budget and geopolitical implications it's really hard to be cautious hard assets and natural resources...but that's how the charts have left me feeling....