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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG -- Ignore unavailable to you. Want to Upgrade?

To: Berk who wrote (20353)	7/3/2010 5:22:04 PM
From: Scoobah	Read Replies (1) \| Respond to of 48092

FT today underscores major stock markets globally have what they call the "devil's cross" when the 50 day moving average, pierces the 200 day, apparently, according to them, it has occurred in the FTSE and Shanghai, and is closing in on the SP500, which eerily looks like the Shanghai, I will check this myself, but a gap lower on tuesday would, and could be the beginning of stage 2 in the ultra bear we have had since 08 of course, I am short the SP500, so I want to see these things, but beware in the golds, because they are lofty and guys like Paulson, et,, aL, ARENT going to let their gains become losses without major hedging, somewhere

To: Berk who wrote (20353)	7/3/2010 5:24:42 PM
From: Scoobah	Respond to of 48092

Elliot Wave, as applied to the SPY, shows a clear 5 waves down, starting with the flash crash would argue that we have re entered the bear market, assuming we ever left it