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Strategies & Market Trends : The Swamp -- Ignore unavailable to you. Want to Upgrade?

To: TheBusDriver who wrote (344)	9/8/2008 6:45:49 PM
From: SwampDogg	4 Recommendations Read Replies (2) \| Respond to of 491

The job of any Wave 2 of high degree is to make market participants question the very existence of the bull market. This has certainly done that. The following is apparent: 1) The LT TL of the $HUI comes in the in the 270s. 50% retrace of the whole bull is also in this area. 2) There is great LT support for the $HUI @ 260 (the tops of the 2003-05 bear) 3) Key stocks like ABX, PAAS, SSRI are currently on their LT TLs 4) NEM refuses to break down from a huge H&S and is relatively strong even though it has inferior FA 5) The FA for gold including supply/demand and money supply are only improving 6) Gold refuses to go any lower 7) Oil refuses to go any lower 8) Silver has retraced 50% of the bull market 9) The sentiment is terrible 10) We have a clear 3-3-5 off the top in March. The clear 3 wave off the top makes this whole move down corrective 11) The Euro wants $1.38-$1.41 vs the buck 12) The COTs are short the buck and covering their gold shorts 13) Cramer is bullish large financials lol 14) Juniors are trading for less than cash in the bank 15) The next 3 months are going to fantastic :)