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CaribbeanJim

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CaribbeanJim

Re: C C post# 5461

Saturday, 03/22/2008 6:01:25 AM

Saturday, March 22, 2008 6:01:25 AM

Post# of 45531
We have yet to see Gold hug its lower Weekly Lower BollingerBand. Ever since 2001, it tags it and bounces off of it. If this trend continues, it won't be able to go much lower than $800. Typically, it finds temporary support at 200dema, then finds intermediate-term support at its Weekly Lower BollingerBand. Currently the 200dema is around $800.

Jan 4 - We have transitioned into a bear market. Completely different rules apply.
May 23 - IMO, any price at/above this close makes a great Nasdaq/SP500 short.

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