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Lone Ranger

02/03/09 4:42 PM

#2526 RE: chainik #2525

c,

"I like Faber's idea that industrial commodities will start outperforming gold in the near future. Worth watching."

if this occurs simple reasoning is a pick up in demand due to expected economic recovey,

"Jerry the trend man was VERY bearish today :)"

this must be very bullish! :)

thanks for your non-foolish thoughts! :)







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chainik

02/06/09 11:46 AM

#2541 RE: chainik #2525

<I think the mini-rallies yesterday and today might be related to new money (first few days of the month). I am planning to hold at least until Friday/early next week before selling some>

Sold a little. The easy part ("buy SPX 800-850") is over. Might be time for a minor pullback (beginning of month new money is "invested"; "sell the stumulus news").

BP on NDX is close to a "buy"(g).

Same general plan as before. Buy another trip to SPX 800-850, sell slowly if the market goes higher.

The bigger picture IMO is pretty clear: 5-7 year from now, anybody who bought EWS or EWT will look like a genius :)