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To: AllansAlias who wrote (234)	4/9/2008 11:08:13 PM
From: Galirayo	Read Replies (1) \| Respond to of 3209

If you'd like to see the Mirror Image of the Major Indices .. Take one of these Links .. Like the one for the NDX .. SOX or SPX .. in this post .. and Plug in GLD. Message 24478097

To: AllansAlias who wrote (234)	4/10/2008 9:21:44 AM
From: skinowski	Respond to of 3209

Trading is a humbling experience. I like that about it. Probably not many people would put it quite this way, but this is precisely the way I also feel about it all. Trading is a path of self discovery. Along the way one earns an equivalent of a PHD in applied psychology - after paying proper tuition, of course... g/ng. Among other things, agree that Elliott and TA - when applied carefully and properly - lead to a "correct" decision probably about 50% of the time, maybe just a touch better. Therefore, managing risk is a vital part of the game. Not any less important than good analysis, setups and entries.

To: AllansAlias who wrote (234)	4/10/2008 1:26:44 PM
From: skinowski	Read Replies (1) \| Respond to of 3209

OT -- gold-heads are jumping over themselves to point out all the support and to talk about all the systemic risk we face My personal favorite is the argument about Oil - that the "real" price "should" be much lower - $50 or whatever - and that the market price is due to "hot" money investing in the commodity. Is the price of oil in a bubble? May be, maybe not - but we are talking about a vital commodity the producers of which are very secretive WTR to their reserves - and the demand for which is growing rapidly. Moreover, last I read - don't remember where - that fund managers are still underweight the sector. Fear and scepticism are very intense - in the face of the price which keeps making new highs. Time will come to short oil and energies, but it hasn't arrived yet, I think. I'd like to see CNBC talking heads to start advising members of the public to tuck away a contract or two... :)