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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Eva who wrote (8717)	1/22/2008 3:59:57 PM
From: nspolar	Read Replies (2) \| Respond to of 33421

Not with Sinclair frothing at the mouth.

To: Eva who wrote (8717)	1/22/2008 4:10:00 PM
From: nspolar	Read Replies (1) \| Respond to of 33421

Besides if the AFC wins the SuperBowl, the general stock market will rocket, and gold wilt, right? Are not the PATS shoe ins? Eli's ears look too funny for him to win, no?

To: Eva who wrote (8717)	1/22/2008 9:41:23 PM
From: nspolar	Read Replies (2) \| Respond to of 33421

Eva, in all seriousness I thot I would take time this evening to formulate a more complete reply. First and foremost nice to see you post over here. One thing I have liked about this board and one reason I remain here is that the testosterone level generally stays low. Not a lot of score keeping kept (until rootwad comes over to hound me, I think he confuses me with isopatch). That is the way I like it. If it changes I will leave. Rather than keeping score, a lot of ideas and info are bantered about. So, come back again. W/r to currency major currency questions and issues, I refer you to others, namely Mr. Pitera. I only know they are important and the currency markets act more or less as a closed ended system, i.e. if imbalances occur on one end, they have to be made up on the other. This is not exactly what goes on within the general markets, per se. Hope that is correct or close. To the golden point. I do think the dollar is important here. There are a lot of dollar bears about. I am not one of them at this juncture. It appears to me the dollar is changing major trend, right here. Gold sometimes yawns at the dollar, and sometimes really reacts to the dollar. Re the latter sometimes the reactions are magnified, and right now I would say we are in a 'magnification' type of zone. In short this means that small changes in the dollar infer huge changes in POG. So here we go to TA. There is no perfect black box system! But TA and FA exist so lets use the TA a bit here. Re the dollar FA I refrain and refer to others, noting the comments above. I have to use Dpoint charts, I do not receive dollar on Qcharts at present. First the LT chart. The only thing I have to say is that note the Dpoint weekly PMO has crossed over and gone positive. The Dpoint weekly PMO is nothing to piss off into the wind. Now to the ST. I have thought that there was/is one last down move in the dollar. There is an EW pattern that does occur, wherein the last wave is actually a triangle, that occurs above the last low. I have wondered if that is what is going on here??? It bears watching imo. If this is so, the dollar will bust up, and with extra extra emphasis, as soon as this triangle completes. In the interim gold will likely mash around as well. And lastly there is the LT chart of gold relative to the dollar. I have thought for a long time that gold needs to make one last dive back to the 400 to 500 area, before it will be set free. Note on this chart the dollar and gold do vary quite a bit in their relationship to each other. The price of gold relative to the dollar is a valid parameter to chart. It is quite high at the moment, per recent history. In short the price relative is in a 'magnification' zone. What happens if the dollar goes to 100 (not impossible here) and price of gold relative to the dollar goes to 5 (not impossible either)? Viola, 500 dollar gold. And lastly TF recently predicted oils were topping (Dug has done well). TF thinks the whole commodity sector is rolling over, into a major correction. Who holds pm stocks? Commodity bulls in the main I would say. I doubt pm issues decouple from commodities here, and that as losses in the commodity sector mount, the big players will have to sell to cover losses else where. I would suspect that the speculation in the commodity sector far out weighs that of all other sectors here. It will be unwound. Only a matter of timing. All imo of course.