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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: gold$10k who wrote (112386)	4/21/2008 8:29:42 PM
From: SwampDogg	Respond to of 312386

Something has to break here The gold index has never been overbought on a monthly stoch while being oversold vs the gold price. It is now...IMO this sets up a monster move higher in the coming week or two. The only question is whether it does a swan dive first. My strategy is just to buy something of quality every day and to be mentally prepared for some volatility should it come. Embrace it and it is not an issue.

To: gold$10k who wrote (112386)	4/21/2008 9:42:41 PM
From: SwampDogg	Respond to of 312386

Even Morgan is looking for a "6 month correction" something that I would see as technically improbable. These guys need a little wave theory...their scale is way off. If the PMs correct from here it is going to be fast and furious but I doubt that we even see much more down. This is a lower degree correction. kitco.com People are going to be in for a surprise here. Very clear that there is a high missing on the silver chart off the August '07 low. The longer that this goes on the more that I think that this is not even a Wave 4 off the August '07 low but a lower degree Wave ii of Wave 3. Everybody freaked out about a flush down to the 40 WMA. Big friggin' deal stockcharts.com