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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?

To: Chip McVickar who wrote (83246)	6/26/2013 4:18:16 PM
From: Fintas	1 Recommendation Recommended By toccodolce Read Replies (1) \| Respond to of 207796

I've been looking at that GOLD closely. First, because I want to trade gold large so any ideas re in and out with liquidity that is SAFE. I don't trust some of these products they put together.. Second, I want to trade GOLD because I can SEE YOUR NUMBER number yet I will not commit to it. I'm counting from 1458 in one direction and 1134 from the other. 1296 is my mid point. And under it 972. IT's not hard to see that 1017. I'll concede to you over time. But for now I'll stick with the 1220 and under it by 60 or 1160. If I was caught with a decent price I wouldn't get nervous but kick it out into strength re nugt and other. I also would not be uncomfortable taking a bite anything under 1220. Throw in what the info re sectors I monitor and I can see a very nice bounce coming. But that doesn't mean we then don't retrace. 1296/1340/1396 are all possible on a good bounce. What I'm honing in on is to get a sense of what is going on behind closed doors that should be considered. Long term I'm comfortable with GOLD ..NEAR term most didnt see the collapse. They won't see the entry. As for other. NOW don't be calling a BULL a BEAR. SMILE That spx is not a bear number. it's a bulls view of a retracement. I've watched GE go from 9 to 16 to 11 to 18 to 13 to 21 to 14 to 24 and never felt any pullback was bearish but only part of the process to continue to 29 etc. I just exploit the swings. So it is with SPX. As we go thru this process we will hear more and more discuss the % moves etc etc. There's an ebb and flow and right now many are tying to support the longs side with other peoples money.. They will continue to do so and then do the MARKETS GO HIGHER IN TIME..But hmm would you mind doing that with YOUR money mr financial planner. SMILE I'll let them go out and buy DIS at 70. I'll consider buying it at 52 or 48 and a discount to that 70. Ok..so let's save this.. YOU WON on that NIKEEI with what I presented. HOWEVER I can see LOWER numbers for NIKEEI.. Just as I see them for LVS. But you WON on that NIKEEi You will probably WIN with your gold if excess continues. BUT I'll stay with my safe number down. Be well Fintas