Replies to post #565 on General Stock Ideas

[gfp927z]

Bigworld, Commodity plays will benefit from a falling dollar, but wouldn't their sensitivity to economic activity be a negative, considering the economic disruptions you forsee?

Gold on the other hand also benefits from a collapsing currency, while avoiding the sensitivity to economic activity.


Btw, looks like the Euro is staging a nice bounce today. Yesterday, Art Hill (Stockcharts.com TA guru) mentioned the Euro could bounce soon, though he said his near term upside target is somewhat limited for the bounce.

[food4thought]

Bigworld,
I need some technical advise. I dumped my shorts and VXX at market close yesterday. It seemed as if some stabilization was entering the market late in the day and some resistance was shown in the S&P at 1100. So much for that. Do you see a slight correction tomorrow based on Germany's involvement in supporting the Euro or do you see a continued slide to new support levels? I want to reenter but don't want to lose my recent short profits. Just looking for ideas. Thanks! F4T.