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Pastimes : The Philosophical Porch -- Ignore unavailable to you. Want to Upgrade?

To: Real Man who wrote (3191)	8/1/2008 11:17:53 AM
From: Rarebird	Read Replies (1) \| Respond to of 26251

<<You will see stock market dump, RE dump, bond market dump, dollar dump - the whole bearish fun enchilada.>> I hear you. But I'm looking at these markets day by day based upon short term technicals. BTW, I'm still waiting for the "bond market dump." LOL. I've been short the 30 year bond via RRPIX since November 2007. Guess I'm a believer in my own way too.

To: Real Man who wrote (3191)	8/4/2008 12:13:33 PM
From: Rarebird	Read Replies (1) \| Respond to of 26251

<<You will see stock market dump, RE dump, bond market dump, dollar dump - the whole bearish fun enchilada.>> "The whole bearish fun enchilada" includes Gold. <<No way. This is very desperate official intervention before a currency run>> I try to stay away from unqualifiers such as, "no way" in a bear market because the backdrop is uncertain. The trading session is still young. So, there is still "hope", of course, for the bulls. But what I am observing here is quite alarming thus far for the POG. First off, the mining stocks continue to break down. If GDX does recapture the $42 level, another 20% haircut and retest of its 52 week low looks likely. There is a head and shoulders pattern here. Secondly, $HUI is also at a critical juncture. If that index does not reverse "en pronto" here, a decline to the 295-300 level appears likely. A global economic downturn will most likely depress the POG short term. As always, the Market will be the judge. I remain short Gold, Nasdaq 100 and the 30 year Bond.