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This has definitely been a downtrending market...SPX down to ?1370 or so. Quite the drop from over 1510 not long ago. I say sentiment is presently overly bearish and we will get some buying action...or a retracement. Has to come at some point, why not January?

As long as we don't violate the Aug/recent lows, I am very short term bullish...everyone is expecting a 50 bp cut, oil is declining, and gold stocks are not making new highs while gold has. I understand that it was the financials that profitted in the latest rally.

Not sure, but try GC....when the market tanks, gold shares will go with it.

What I have learned, is that it has nothing to do with "fundamentals"...which are lagging indicators and subject to interpretation. It is all about the math...the USD capitulated, it may retest its low, but the numbers are saying it is rising. Alot of pros in Toronto went long the USD...

I agree with bighog. I use Gann with EW. Gann states that majority of trades fail at 50% level. That is why I like to see a retracement to 50%..if it is more it is a weaker trade. If it hits 50% then rockets back, obviously it is a stronger trade. I do find time more predictive than...

With a recession already here, the supply/demand equation changes. Less demand equals more supply equals cheaper prices. Our Central bank here in Canada is lowering our interest rates...to stave off recession,not worried about rising prices. Heck, real estate is tanking, oil comes down in a...

I had a really bad fill, when I placed a new stop on a winning trade. So, the next time, I just went ahead and took the whole profit...I later noticed that it went up the next day, but it came down quite abit, almost to take out all the stops, then rode back up again. Perhaps this is...

Well stated, Realist. There are now only 6% gold bears...the smart money.

George Bush just gave $30 billion to Israel. It is Israel's agenda, not the US that is the impetus for the war. Amnesty International has come out in opposition to the tactics used by the Israeli's. I have known many jewish friends who have left Israel as it was not a safe place to raise...

lets be fair shall we? I have trouble with generalizations. There are weight watchers choices even on McDee's... I know, I have a personal trainer and attend WW and yes, there are choices that are WW friendly.

Adwebster, I source my ew calls from the master, Pretcher et. al. Gold is in the process of completing an extended wave 5. I also have Gann sources that correlate. In the end, if a person is disrespectful, why bother? And no, this is not my 4 to 5 th call for a top. I have traded gold...

Adwebster, Nothing goes straight up. Round figures are ominous. You are quite insulting. Sounds like you have alot of anger. Its really unpleasant posting with people who have unresolved issues.:D :D :D

Good post! I've read Mark Douglas' latest book as well. Prior, I had studied the Sedona Method...it made me realize that in the present there are no problems...only in the past or future (I am not sure that this would hold if I were in great pain, but thus far it holds true for me)...

I think there is something to be gained from hand charting, although I admit I have not started doing so. I also think one begins to get a feel for the markets, almost like listening to a heartbeat...or perhaps, a greater intutive sense develops. :)

Why would a brokerage firm, (with all due respect to GS) ever admit to a severe recession?

Good post, Have you seen zeitgeistmovie.com?

I am a technical trader but I do find sentiment to be very valid. All you hear about on TV is gold. To me, that's a sign of topping....when gold peaked in 1980 it crashed down about $200 in 2 weeks.

I used to love Tim's coffee, but alas, the quality is not uniform. At work, we have 2 Tim's that serve awful coffee. Most of us crave Starbucks as the quality is hands down better. However, I have found a cafe/bakery that serves up 2 coffees, plus fresh pastry for $4.00...but its not that...

Perhaps democracy is dead, and the world is now run by oligarchies. One world government. There are rumors that US/CAN/MEX will unite into the North American Union, similar to the EU. There is talk of an Eastern Alliance, and another one which will include africa, and ?the middle east. A New...

I have not heard of any research on these items. A good source for info is: Dr. Mona Lisa Schultz, a pHD. in neurology and a neuropsychiatrist. From what I gather, every time you learn new material, you form new synaptic connections in the brain...and therefore, I believe, new neural pathways...