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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (78007)	8/19/2011 9:39:13 PM
From: Hawkmoon	Read Replies (2) \| Respond to of 217561

Yes.. SLV has been a great performer over the past week. Up each and every day and yesterday it nicely penetrated and flipped its weekly P-SAR (as I mentioned in the previous post). And based upon my real-time charts, the monthly P-SAR flips upward at $47, so that's the target it will be shooting for, IMO. Been trading TZA for "pocket change" if only to defer my hotel expenses during my Asian junket. But I've learned a long time ago not to hold it long term as it can quickly take me to the "house of pain" when the market rallies. I do see a bear flag on the Russell 2000, the index most vulnerable to recessionary pressures, and next week will likely prove the inflection point that determines if it rallies, or collapses further: stockcharts.com The RUT (IWM) seems destined to see 550 before it has a chance of bottoming, IMO. But prefer to add to TZA again on a market rally AFTER this bear flag is resolved. bigcharts.marketwatch.com Let's see what the Fed has up it's sleeves for next week. Pressure is building for them to engage in QE3, if only to save the Euro and prevent a rally in the dollar (deflationary and recessionary) I think the history books will, someday, reflect on this time as the era that the US waged a currency war on behalf of saving Europe from an actual one (a civil war). I'm not sure its one that can be won, unfortunately. But it's clear to me that the ECB cannot support the Euro amidst all of this pending sovereign debt default. And the USD and Metals are the only havens. Hawk