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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (19289)	10/2/2004 2:31:57 PM
From: Square_Dealings	Read Replies (1) \| Respond to of 110194

russ despite Friday's big ramp job/short squeeze, the PMs held strong. the Bush war/fear campaign is losing steam imo and the truth is coming out that the U.S. economy is leveraged to the hilt, "the house is built on sand" no way to time short term moves in PMs imo. either you are in or you are out. the weekly charts indicate its time to be in. stockcharts.com[h,a]wacayyay[df][pc10!c40][vc60][iUc09!Lf]&pref=G plug in WTZ, NEM, N, PDG, PAAS, take your pick and the picture is the same. I am positioned 50% foreign currencies (including gold) and 50% short stock market concentrated in retail, home builders, and banks. After Friday's action I will tighten stops on shorts but I still think the market rampers are going to get caught by some unforeseen bad karma thats going to pull the rug out of the stock market. I have no idea what will be the straw that breaks the camels back but the VIX is in a range where the camel is already carrying a heavy load. Friday's ramp job was a surprise, but the market is more susceptable to a negative surprise now imo. I am holding no dollar based assets other than my home. The next step for me is to move positions to a foreign bank or banks. If Bush is re-elected I plan to exit stage left. M

To: russwinter who wrote (19289)	10/2/2004 5:05:20 PM
From: NOW	Respond to of 110194

thanks for that RUSS. good advice. i just dont want to get to cute like yuo caution.