Replies to post #81108 on ajtj99's Market Pulse

[cannabis]

If gold hits 300 and crude hits 40...the indexes(DOW,NDX,SPX) could collapse.I think that OIH bouncing off 132 and XAU bouncing off 119 has ***ALOT*** to do with the indexes also going up.

[ajtj99]

chainik, I suggested later on that I thought $418 was more realistic for Gold, so let's use that for now, OK?

[Ace Hanlon]

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.