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

To: Paxb2u who wrote (21793)	7/19/2011 6:30:20 PM
From: GROUND ZERO™	1 Recommendation Read Replies (3) \| Respond to of 222139

Call me crazy, but I think the stock market is now poised for a really nice rally... GZ

To: Paxb2u who wrote (21793)	7/19/2011 8:24:51 PM
From: rubbersoul	1 Recommendation Respond to of 222139

Thanks for your views, Pax. I agree that the 50 DMA should be safe. However, we were just at the 50 DMA so my gut feeling is that gold will bottom just above it perhaps at the 50% retracement point from the last bottom near 1545 if we get that far. But what is a mere $16 when gold is over 1500?<G> We probably will go lower than1578 which was the break out level and that would shake out some investors. Silver at 36 would also shake things up as well. I'll welcome any trip downtown.<G> BTW, part of my analysis is based on the view that the PMs made an intermediate low at the end of June.