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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: profile_14 who wrote (120165)	4/27/2009 12:30:35 PM
From: fxfun	2 Recommendations Respond to of 206322

In the last bust cycle it took 9 months for NATGAS to drop from $10 to $1.88 (Jan 01 - Sept 01) and reached bottom. This time we have 10 months of none stop drop already. I am wondering how much is left. The equities appear to be bottomed out already with most E&Ps having 50MA moving upwards. Are they leading here?

To: profile_14 who wrote (120165)	4/27/2009 1:45:43 PM
From: GREENLAW4-7	Read Replies (2) \| Respond to of 206322

Looks like many chasers lately in this market. OSX recently hitting another high level and still many believe OSX will see those 08 levels. What so many in the patch don't know is where this sector traded back in 97-99 and we were not in a bear market or a recession. I am surprised but not shocked at recent moves in market and OSX. Inregards to XOM and UNG I agree I believe Nat Gas turns before market, and I also believe XOM has to settle in 40's if not 30'a if we are truely going to bottom out in the energy complex. The last time I looked I thought we were in the midst of the worst down turn in the economy since the great depression. The way the market has sucked up to this level you wonder what most believe. Is the market Cheap or on verge of getting much cheaper?