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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG -- Ignore unavailable to you. Want to Upgrade?


To: Louis V. Lambrecht who wrote (4788)4/20/2006 3:33:47 PM
From: Louis V. Lambrecht  Read Replies (1) | Respond to of 48092
 
If the bastids follow classical TA, we have bearish flags/pennants all over the place in the majors (excluding Bema !?!?) currently resolving for a second leg down. (Equities missed a "V" bottom).
PoS 10.3 ish.
Trend indicators going down, will need another dozen of sessions to turn back up.
But who the h#ck would be naked commodities in a secular bull over the weekend?

Then, thought of the Chinese visitor in the US.
Much of the commodities action today can be explained by Chna promising to help tamper the commodities boom. My foot! He is on a buying tour! Once home, he will be buying commodities again at any price. 10%/yr GDP rise means they need all they can get.

Nasty correction of April 2004 took 8 sessions, how long is this one to last? Two ?