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Ace Hanlon

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Ace Hanlon

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Re: chainik post# 81108

Thursday, 06/15/2006 12:32:12 PM

Thursday, June 15, 2006 12:32:12 PM

Post# of 148479
I pretty much agree with the AJT market forecast of 1255 SPX.

But that means the rally is already two thirds done.

Zeev Head talking about the decline resuming next week after a rally into expiry.

I also agree that gold probably will break the 200 day moving average before this "correction" is over.

The Nikkei dropped well below the 200 day MA before rallying.

No reason why gold cannot do the same.

A drop to near $500 on the next selloff would not surprise me.







“The things that will destroy us are: politics without principle; pleasure without conscience; wealth without work; knowledge without character; business without morality; science without humanity; and worship without sacrifice.” Mahatma Gandhi

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