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Re: crossroad post# 4181

Thursday, 08/04/2011 9:39:15 AM

Thursday, August 04, 2011 9:39:15 AM

Post# of 6903
Perhaps they sit on for another year if they can. The current news out of the EU is the worse yet IMO. But with some careful additional proping and dillution, this flatline economy may be able to carry on, or at least I hope so. Technical analysis is showing a top here and we could be seeing another signifcant leg down in the markets like 2000 and 2008 later this year and into next year. This should be it if classical elliot wave theory plays out. Mainland may have to sit tight and ride it out. My gut tells the world will carry on and peak oil won't go away. Natural gas in the US will play out further. Our bet here may take longer to play out. I plan at sit on what I have and double up if it we go sub-.20. JMHO.
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