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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (87408)	5/21/2009 5:44:36 AM
From: Real Man	Respond to of 94695

GDX, gold stock fund, is trying to break out of the trading channel. Gold stocks normally lead the price of gold.

To: GROUND ZERO™ who wrote (87408)	5/21/2009 5:48:41 AM
From: Real Man	Read Replies (1) \| Respond to of 94695

We'll see. Despite the stock market rise since March things are obviously very bad in the real economy, it's depressionville. Bernanke bucks against the Black hole of debt, an ongoing battle that makes trading and picking a direction very difficult this year. I personally think we'll trade around the highs in a range between 880 and 950-ish and possibly head even higher before going lower. GM BK reorganization looms large next week, but I'm not so sure it will create a short term dip in the market. Kinda well known stuff. -g-