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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (9013)	9/9/2006 2:54:35 PM
From: Taikun	Read Replies (2) \| Respond to of 217588

TJ, If PMs follow energy, commodities, those are very weak right now. $CRB blew right through support: stockcharts.com stockcharts.com For the last 2 yrs $WTIC has held at 50wk dma, but it has never looked more tentative than now, Stochastics barely turning up: stockcharts.com $HUI:$CRB making the same moves it did in May 06: stockcharts.com Even $HUI:GLD breaking down: stockcharts.com Judging by Stochastics, and if MACD goes negative, HUI's 200dma at 320 could be the next stop, so short GDX? stockcharts.com Maybe we're finding out gold so far has been a commodity play and as $TNX heads to 4.9ish from 4.8ish now USD strength could be just another fly in the ointment for gold. I think better entry points in miners are ahead of us. BTW, Contrary Investor has a good analysis of charts using Aug 31 data: contraryinvestor.com If you update those charts you get even worse conditions for DJ US Transports and sub-sectors like Trucking. DIA, SPY, QQQQ bearish positions look good here, I wouldn't touch long tech positions until we have a pullback and find out which stocks have relative strength. While chips amy be coming out of a recession and MSFT may be launching Vista, the market is still dealing with INTC layoffs and potential Vista delays. Only a managed market wouldnt crash here <vbg> D