<<Are you long anything?>>
Kimono, Yes I'm long ASA, PAL, ABXA and COCO.
My numbers look like the XAU ought to rise into the 100 to 105 area by the end of July. COCO bottomed out at $20.90 on June 24th and ABXA is the cheapest stock i've seen, in a long time and I have been buying it from the $5 level.
What I meant by the August 6th or 9th dates, is sometimes the market hits a Momentum low,bounces, then comes down to a slightly lower low, on declining volume, then turns up from there, An example would be JNJ from 6/25 (the Momentum low) JNJ bounced, then declined to a slightly lower low on 7/7 (on less volume than the 6/25 low) then started up.
The overall market may see something similar but I can't say for sure, sometimes it just goes up and keeps going.
Jim
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