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Strategies & Market Trends : Longer-Term Market Trends -- Ignore unavailable to you. Want to Upgrade?


To: morokko65 who wrote (2102)2/24/2009 12:25:27 PM
From: Perspective1 Recommendation  Respond to of 3209
 
Oh boy. Not good for da $HUI. My gut's been telling me to short at this level once it's had time to peter out, and it has now done so. I've been too scared to do so, and too many people I respect are on the other side of that trade.

My gut says Prechter's right on this one, and the gold rally back to $1000 is either a fifth wave or a "B". Implications are for a crushing decline to take out the 2008 lows.

`BC