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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: carranza2 who wrote (3202)	4/30/2010 8:40:13 AM
From: Patrick Slevin	1 Recommendation Respond to of 222434

All that you say makes a great deal of sense. Please don't misconstrue my intent when posting. The idea was merely to show that similar patterns exist and the results favor a move higher in the Equity Markets. This is often the scope of the short term trader. If enough evidence exists that suggests a direction it may be helpful. Like Z alluded to, whether or not the DJIA will double or not is only important to me if I live so long. What is important to me now is should I presume the trend will be higher in the near term or not. I'm with you on Gold, I re-entered the Futures early last week I think. Longer term I stopped accumulating bullion coins when Price hit about $450. Finally, I am overweight in SSRI and also have positions in SLW, ABX, PAL, and (for copper) SCCO. I do tend to think Silver may have more percentage upside than Gold, but Gold is much easier to trade from my point of view. So with Silver it's once again Bullion over Futures. I haven't any disagreement with your overall assessment.