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

To: ild who wrote (23506)	12/17/2004 3:14:06 PM
From: ild	Respond to of 110194

Date: Fri Dec 17 2004 14:37 trotsky (Hambone@what to make of it) ID#248269: Copyright © 2002 trotsky/Kitco Inc. All rights reserved i'm well and truly stumped. normally i would interpret this action as bearish - but money flows indicate otherwise. still, i don't quite get why they're still not moving. it's a contradiction i can't really resolve...although it SEEMS that the buyers are simply outwaiting the potential sellers...keeping bids low, waiting for them to give up. the same thing happened with oil stocks in '03 - there was a widely held conviction that oil would come back down, so the oil stocks didn't do anything in the face of rising crude prices. until one day the collective wisdom of the market arrived at the conclusion that WS's oil projections were wrong after all. something similar may be at work here, since a great many people are expecting a dollar bounce. but as i said previously, my impression w.r.t. that is that an even greater number of people is hoping and praying for a dollar bounce - so they can get out.