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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Tom Byron who wrote (10117)	4/17/1998 8:36:00 PM
From: bobby beara	Respond to of 116779

Tommy if it's an astro-guy find the direction and run thee other -ggg- I have been noticing some big developments in many charts and after reading about who is gonna be the lender of last resort when citigroup goes belly-up, I will now propose a very politically incorrect (my specialty -g-) ultra-bearish scenario. Which would warrant consideration and action. The Bond charts look like they are developing and inverse head and shoulders with the neckline being the panic spike of Jan 12. The Footsy looks like it has developed the first two peaks of an H&S. If the Airlines continue their descent next weak they will have put in the right shoulder of an H&S. The internets have about blown there wad and now they realized today that most of em are losing money and won't be around when the dust settles. We know what gold looks like. The CRB has a wedgie triangle and is possible bottoming pattern and don't forget OIL. Don't forget the effects of El Nino and the coming La Nina. And here is a great tidbit my buddy gregor clued me in on. The world has 50 day supply of food.https://www.siliconinvestor.com/readmsg.aspx?msgid=4086799 In the modern day of computer just in time inventory and fast shipping everyone is running lean and mean. Maybe to lean. What happens when we can't get the ruskies to let loose of the P&P, can't make catalytic convertors and Detroit grinds to a halt. That bond chart looks spooky, a flight to quality coming from what? crash, war, Japan. It looks like something could be in the works. Some of you have been following my wave analysis and I can tell you it is a pattern that repeats itself continually. The problem is in the recognition and naming of the waves. We have the Prechter group who says we are completing wave 5 grand supercycle. We have Wolunchuk group who say we are in the epicenter of Wave 3. That's the problem in recognition. I'll tell you one of them is right and we won't know till it's too late. Might have some survival plan in case one. Can't eat brokerage receipts or digital money. I think it might be considered pretty interesting sentiment indicator that when I brought up Prechter on this thread, he was immediately slammed in an already bearish slanted group. At the top, you would have to believe that the king of the ultrabears would be totally discredited and made a fool of. There are plenty of indicators that might indicate that we are not at the top like the A/D line, which many managers are clinging to, to stay fully invested in the market. The thing that I question here is that no one indicator is fool-proof (or greater fool-proof in this case -g-) or a sure thing and that markets change character and indicators come and go in usefulness. pray a lot, and then again even more, and keep some cash and food on hand. bwdik, bb