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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: CommanderCricket who wrote (143883)	1/19/2011 10:32:48 AM
From: profile_14	Read Replies (1) \| Respond to of 206089

CC, I value Greenlaw's input. I give him credit for putting things into perspective and making some pretty good calls. I don't think he is gone, just busy, biding time, and working, fully aware of the stretched nature of the market. No one's opinion is absolute in this world, but the mosaic sure does help us put a better composite together. Best,

To: CommanderCricket who wrote (143883)	1/21/2011 11:25:31 AM
From: GREENLAW4-7	5 Recommendations Read Replies (2) \| Respond to of 206089

Michael, CC, I am watching this rally approach levels we were at when economy was booming! To think we are back to the 1300 spx level and back to 12,000 on the Dow. You have to conclude either we are at a place where growth is going to take off and at the same pace as we were back in 2005-2007. The GDP at that time was what 2-3 times where we are today? Either way we were in the midst of growth and expansion. If we are to hold these gains their best be some proof that we are even close to growth levels of those years I believe we are not even close to the 2005-2006 area's. The market is so far overdone to the upside as we were to the down side in March of 2009. That being said I am trading quick and light but not willing to say this is going to dump today or next month. The bottom line when we do correct it should be very significant to say the least. Of course I could be very wrong and we are going back to the 14K area. Regarding Oil, the Bush years have taken the rope away from the 30 dollar collar oil, and it looks like the inventory levels are just ignored. What I think is in the cards for Crude traders is China slowdown. Like Japan's in 1997-98 China will slow and that will take Crude back below $50. I remember the crash in 87, and I remember the crash I remember the crash in july 98, also the Jan 2000, June 2001, and the crash in march 2002. The crash in march 2002 looks very similar to the current set up in the market. That move took the Dow from the low in 2001- 8062 to a high of 10,673 in March of 2002. That correction took market back to 7200 area by October of 2002. I believe market is heading into that type of a long term correction and I do not know what will trigger it, but China will play a key role. GL