Although I don't think that it's advisable to short GOOG now -too little distribution- I see strong indications that the top in GOOG is in.
- 11/29/05: Powerbar down [see the volume!]
- 12/14/05 & 12/15/05: No Demand!
- 12/19/05: Key Reversal [Volume gives the signal!]
As always: KISS...
Here we go! Another Kindergarten tale today: Associated Press -- The productivity of American workers shot up at the fastest pace in two years during the July-September quarter, helping to ease fears that inflation pressures were threatening to get out of hand.
The market came back a lot measured in $'s. But, measured in ounce gold -real money!- the market didn't retrace much since October 2002. This divergence is evidence that their is absolutely no interest in the $ + the stock market c.q. economy isn't as strong as everybody thinks it is.
Hi,
Sorry, I never "blah blah blah". Do you agree that gold is money? I think you will. Do you have a charting program? O.K. Than display the Relative Strength of the Dow Jones against Gold. What you will see is the Dow Jones in units of gold (not $). Maybe that's more convincing to you!
Hi,
24 hours a day, day in day out, people are indoctrinated by TV-stations like CNBC and their talking heads to buy stocks. Does gold or gold stocks gets any support from them? No, never!
So it's a very important sign that gold is running now.
Hi dougcs,
The answer is simple: The price of gold is the market and the stats are the government. Lesson nr. 1 of the professional trader/investor: THE MARKET DOESN'T LIE; NEVER!
In May 2001 GOLD started a Bull Market. Since May 2001 Smartmoney doesn't buy the daily crap from the Government&CNBC. Let that be a warning to everybody who is still fully invested in the stock market!
The question is for how long the US administration and their assistants at CNBC can fool everybody around the globe! As long as there is some confidence in the $ the US is indeed the engine of the world. But that can change immediately if the fools -foreigners- begin to understand that the $ is...
To everyone who doesn't know it yet: the U.S. economy is weak regardless of what the media & government is telling you. Best indicator to underpin this statement: GOOOOOOOLD!!!!! (AU that is!)
Take a look at TFSM. This could be a winner for the coming months. Chart shows strong background --> interest from Smartmoney! Also very good Relative Strength (RS=97), EPS Rating (EPS Rk=91) and OBV. No other indicators are needed to trade succesfully.