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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Logain Ablar who wrote (45124)	11/6/2008 11:26:03 AM
From: Johnny Canuck	Read Replies (2) \| Respond to of 71480

I think it important to remember that there is currently a disconnect bwtween the price of gold and the actual underlying demand. The issue is the the price of gold reflects the uncertainty in the world economies. The price of the gold producers reflect the overall demand for industrial purposes.

To: Logain Ablar who wrote (45124)	11/7/2008 9:35:52 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 71480

We saw the financial stock rally in a significant way 3 days ago going into the election. We saw the market then move in the opposite direction as expect just after the news was out on the election results. For the first time a many weeks, the rally is starting to broaden out into other asset classes such as oil and technology. We need to market to attempt to rally so we can get the re-test of the October lows. So the broaden of the rally is a good thing. It indicates traders are returning and getting more confortable wit the level of risk. We need some complacency so we can sell off hard to wash the remaining bulls if there are any out of the market. We can finally then start to rally. This I suspect will take months. For now the best strategy is the trade the trend and the trend is down till the resistance levels are broken.