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


To: nspolar who wrote (9815)8/12/2008 12:52:14 AM
From: nspolar  Read Replies (3) | Respond to of 33421
 
In edit: This is not a trading board (thank God), yet I think it okay to mention a few trade related issues.

TF is closing out precious metal puts and shorts, along with DUG calls, etc. The time for these should come yet again (maybe it has not yet ended).

Don't know the exact path to be taken, but I want to take a stake in The One (read previous post for a hint on The One). No positions there yet, but maybe very soon.

I have mentioned previous I think the markets are sucking wind. All previous moves down of recent have started with financials. They gotta blow it out here imo, or they have stalled and will head the other direction.

Fool me once, fool me twice, hopefully not fool me thrice!

We shall see .... but historically the worst period of the year lies dead ahead. Expect a lot of volatility.

And pm's ... gold for example is going much lower. Much lower imo. This is what the HUI is telling us. It is leading big time. Rebounds sure, but until gold bottoms, rebounds are false.

Time to take a break from posting (I hope). Have winter to get ready for here and want to concentrate on the market a bit more.

Good Luck.

TF