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

To: re3 who wrote (5263)	6/6/2010 10:45:12 AM
From: DebtBomb	Read Replies (2) \| Respond to of 219150

It's looking more and more like repeat. 2007-2008. Gold might get it in the throat too. (Although Real Man doesn't think so) The only thing we can do is watch the charts. I mentioned before, when gold, and FCX, SLB, IBM, AA, and some other stuff starts crashing down with their charts busting like in 2008....I will start thinking...."run for your life." IMO, next up is a cross of the 50 over the 200 on the daily charts. Some have already crossed, HSI, SSEC, etc., others are close. Now MACD has already reversed after ONLY ONE DAY positive, and turned negative again, with a bearish cross. A buy signal that lasted only one day, WTH? Looks very bad to me. Look at FCX, the 50 is about to cross the 200. Same with SLB and others. I don't see how gold can hold up with the dollar skyrocketing. I think it was even Faber that said, gold will get it in the throat too, maybe it was Celente. I'll try to look it up.