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Strategies & Market Trends : Group Therapy -- Ignore unavailable to you. Want to Upgrade?

To: E. Graphs who wrote (4562)	8/22/2007 6:02:00 PM
From: E. Graphs	Respond to of 4564

Since my last post, real estate went bust and so now goes the debt bubble. All markets (except the Dow) have violated their averages and are struggling to take them back. The longer they take to do this the worse it will be. The more quickly they can recover them the better it will be. The Nasdaq index took back its 200dma yesterday and held it today. It may still need to test it before a full recovery is possible. Technology has been a great place to be since July 2006, but not too many have been commenting on it until now. The Nasdaq is behaving well while the finance stocks are getting hammered. So, as long as the index can hold to its 200dma it seems poised to lead the market out of the dip, while finance stocks continue to struggle. Gold has potential to move higher soon as it is coming out of August. It made a huge move up last August....a move that ran all the way through to April. The chart shows the same setup, same indicators, same coil. Maybe history will repeat. Hey, even if it rhymes, that would be okay too. Worst case, if gold falls instead of rising into the end of the year, it will then be on sale. IMHO after the debt bubble has shown itself to be a sticky mess, any gold bought here in this area (or, with luck, any lower) will be money and wealth well placed for the future.