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

To: rubbersoul who wrote (38543)	10/6/2012 6:52:23 AM
From: GROUND ZERO™	Respond to of 218856

Yes, you're probably very right, but I don't like "weathering the storm," I much prefer getting out and getting back in when I see the coast is clear and it's safe to hold the position... I don't have the disposition to hold something for a long time "knowing" it will rally again... although, it may be true that gold will eventually go to significantly higher levels, I would much rather follow my indicators and stay out of harm's way as much as I can... it doesn't mean either one of us is more correct, it only illustrates two different kinds of market perspectives... but, no doubt, as long as we follow our plans, then all road eventually lead to Rome, as they say... Either way, I appreciate your PM comments, I find them valuable and surely others do, as well, so keep posting your views as the market moves... TIA GZ

To: rubbersoul who wrote (38543)	10/6/2012 7:00:24 AM
From: Hawkmoon	1 Recommendation Read Replies (4) \| Respond to of 218856

Regarding Gold vs the USD, I'm looking at the UUP weekly and it appears that it's pretty oversold and due for a rally. bigcharts.marketwatch.com Of greater concern is that the Bollinger Bands on the UUP are flaring outward which suggests that USD rally might be actually stronger than the last event. Given what Marty Chenard was saying the other day about the VIX and the time frame for it reaching it's apex point, we might see the catalyst for a major sell off in the equity markets. And presumably a strong USD will negatively impact the PM markets. Hawk