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Post# of 24977
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Alias Born 08/30/2003

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Friday, 03/12/2004 10:20:31 AM

Friday, March 12, 2004 10:20:31 AM

Post# of 24977
heading out to the yard'
goldbugs better grab a nibbles worth + those candle tails later today, gold hitting bottom right on time @385-395,,shorts will start covering when bugs realizes bank dumping is done.

I dont care to chase a bunch of gold stocks,, only have my eye on 2 or 3,, so instead I'll go this route, (and other commodity based stocks,, tech- ha! Only sercurity based for me and bio/pharm,, fuel -related,,oh yes value based stocks too)...:keep an eye on GROW smalll float (5mil) expect it to have some nice spikes and runs has alot to gain as a fund company invested in the metals, currencies and emerging markets

this guy is still bullish,, but his bearish notes are worth noting- yes I think we can still hit new highs etc next week, but tops get sold off hard-
but just be aware:By Rainsford Yang

Declining volume on the NYSE accounted for over 80% of total volume for the third day in a row Thursday, a nearly unprecedented occurrence over the past twenty-five years. The only other time this has occurred was on October 16th, 1987, the Friday prior to Black Monday. The TRIN also closed over 2.0 for the third day in a row, something that's never occurred over the past twenty-five years. Volatility, as expressed by the VXO (old VIX), surged 15% to close at 21.71, the second consecutive day the VXO has closed in statistically overbought territory. Of the last sixteen times the VXO has closed up 15% or more, the S&P has posted lower lows intraday the following session in every case but two. I'd also note that two consecutive closes in overbought territory has the potential to lead to steep selloffs on an intraday basis. I don't think that will be the case this time around, but you should be aware of the fact.




Benjamin Graham: "You are neither right nor wrong because the crowd disagrees with you. You are right because your data and reasoning are right"

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