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

To: GROUND ZERO™ who wrote (87676)	6/1/2009 3:38:09 PM
From: Real Man	Read Replies (1) \| Respond to of 94695

I would not be worried about gold, at least I am not, but a correction in gold stocks could be quite dramatic. They rallied 33% just in May and are very overbought. Gold may have to flip buyers once again, from those folks driven to it as a hedge against economic collapse to those folks who hedge against inflation. It's a complicated market. Then again, I am effectively hedging my gold stocks long position with puts, but I also have some physical gold, which I am not hedging. -g- For the broad market tomorrow is turnaround Tuesday. -g-

To: GROUND ZERO™ who wrote (87676)	6/1/2009 4:08:57 PM
From: Real Man	Read Replies (1) \| Respond to of 94695

I'm quite worried about everything crashing at this point of the rally, but gold equities would probably lead like they did last Fall, both to the upside and to the downside.-ng- Which makes them an indicator of sort for the broad market. The bounce in the clownbuck will be bearish as well. We are getting close to your target for the spoos, kinda like the last hurray. I am just expecting a correction, but who knows how deep da rabbit hole goes. Not selling 'em short yet, but the trigger is ready, maybe give it another 30 spoos points of upness. It feels like the market went too far too fast, a lot of TA indicators are quite overbot, but it's not time to sell it yet as long as it keeps going higher -g-

To: GROUND ZERO™ who wrote (87676)	6/1/2009 10:53:29 PM
From: puborectalis	Read Replies (1) \| Respond to of 94695

‘Emotional’ Gauge Turns Bullish for U.S. Stocks: Chart of Day By David Wilson June 1 (Bloomberg) -- U.S. stocks are worth buying for the first time in six years, according to an indicator that has signaled bull markets all but once since World War II. The CHART OF THE DAY shows this barometer, known as the Coppock guide or Coppock curve, for the Standard & Poor’s 500 Index. The S&P 500 is also depicted. The gauge was named for E.S.C. Coppock, who introduced what he described as a “very-long-term buying guide” in an October 1962 story for Barron’s. Leuthold Group LLC has a version known as VLT Momentum that Steve Leuthold, the research firm’s founder, developed after reading the Barron’s article. Coppock, who died almost two decades ago, wrote that his indicator gave “a picture of the emotional factor” behind stock swings. He advised investors to buy shares in anticipation of “an important, sustained advance” when the guide started to increase from less than zero. That kind of shift occurred last month, according to data compiled by Bloomberg. The guide climbed to -409.4 from April’s -417.2, the lowest reading since June 1938. Calculations based on the Dow Jones Industrial Average showed a similar reversal. Coppock calculated the difference between an index’s value at the end of each month and its closes 11 months and 14 months earlier. He added these figures together and computed a 10-month average that gave greater weight to the latest numbers. While he used the Dow industrials in Barron’s, he wrote that a broader benchmark might be an enhancement. The S&P 500 sent more accurate signals than the Dow in the postwar era, Bloomberg’s data show. U.S. stocks advanced 16 of 17 times in the first year after the broader index’s Coppock curve turned higher. The exception followed a December 2001 reversal. For the Dow, the success rate was 13 of 19.