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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: elmatador who wrote (53126)9/8/2004 3:32:08 PM
From: Taikun  Read Replies (1) | Respond to of 74559
 
Increased cash position (I'm including PM) to 75% now.

I wonder when the stress of the elections and Greenspan's FOMC, among all the worries in the market, will cause a bit of capitulation.

I cannot believe this market will not correct significantly down once before the election-even if the general trend is up or sideways.

I say give it a week or two.



To: elmatador who wrote (53126)9/13/2004 12:14:59 PM
From: macavity  Read Replies (1) | Respond to of 74559
 
Dollar - flim flam.

The Buck (from my indicators and timeframe) appears trendless.

However the Gold group are showing some dollar-negative signs. (Definitely more so than the currencies).
Both the metal and the stocks look to be in Bull flags.
A good close above $HUI>205 and we should see more gold-upside.

-macavity