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To: Jack of All Trades who wrote (5964)9/21/2010 10:48:02 AM
From: Rarebird  Read Replies (1) | Respond to of 26251
 
I tend to agree with you. However, I'd like to add that it usually pays to turn bearish slowly and to turn bullish quickly.

As for Gold, I don't see it as a buy-and-hold investment at this point, but it certainly can be traded. I consider it at a high-risk price right now and likely to undergo at least a 40% correction before it moves substantially higher.



To: Jack of All Trades who wrote (5964)9/21/2010 10:53:56 AM
From: rayrohn  Read Replies (1) | Respond to of 26251
 
as far as UUP goes we are right at the .786% retracement off the Aug high... if it don't hold here lol it should test the Aug low