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


To: jimsioi who wrote (19915)10/13/2004 3:38:32 PM
From: Skywatcher  Respond to of 110194
 
WAS worried about my gold stock....not any more
holding tight now...dollar is going to get hammered....
the CHINA slowdown card has BEEN PLAYED today
combined with the OIL FEAR card.....look out
CC



To: jimsioi who wrote (19915)10/13/2004 3:52:52 PM
From: russwinter  Read Replies (1) | Respond to of 110194
 
Ok, scenario time, you have the XLE breaking down, now mostly ignoring the move from $38 to $53,
stockcharts.com[l,a]daclniay[pd20,2!b50][vc60][iUc20!Lf]&pref=G
even as oil trades at $53. The MoP (either the US or China branch) comes up with some bogus numbers (inventory numbers tomorrow?) or other mystery horde/supply nonsense similar to what happened today in metals. Oil also does a quick drop to flush out specs, (and allowing plutocrat pirates and criminals to get ahold of some cheaper product). The XLE trades down to what, 33.00 support (bottom of Bollinger band), or even a little lower (a buy?), to really shake the longs up. Meanwhile back in the real world, the problems just keep mounting.
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