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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?


To: Nihontochicken who wrote (3279)11/2/2006 5:20:42 PM
From: TH  Read Replies (1) | Respond to of 50416
 
Nihontonchicken,

Great post. Thx.

"Note the last time the $HUI detached from the $SPX, it was $SPX up, $HUI down, in opposition to goldbug wishes. Will it be the reverse now, or, should the broad markets tank, will they pull down the miners?"

And that is a great question. Unfortunately I don't have a clue. I choose to wait for a trend, at the expense of some upside.

GT
TH



To: Nihontochicken who wrote (3279)11/3/2006 2:37:27 AM
From: wsw1  Respond to of 50416
 
you could've bought the NOV 120 DIA puts for $.65 several days ago...



To: Nihontochicken who wrote (3279)11/3/2006 2:30:57 PM
From: Nihontochicken  Read Replies (1) | Respond to of 50416
 
I still don't believe the SMH has given up its broad market lead position. If so, then observe the SMH daily, headed down the ol' BB slide:

tinyurl.com

Backing out to the weekly, it could bounce off the BB midline just below 33, or plunge to the lower BB at about 30:

tinyurl.com

But here's the kicker, back out further to the monthly chart, and look at that BB pinch:

tinyurl.com

If anything, the monthly chart slightly favors a downward pop, but just bears watching for now. Whichever direction it breaks, it should be big. FWIW.

NC