Buy gold buy more stocks

[noddyboy]

A lot of indices are going to close above 50 SMA, and there will be renewed interest in buying this market from the sidelines.

 

[Petsamo]

If we don't finish above resistance, we'll probably finish at it. We'll rely upon overseas markets to gap us above resistance, or not.

 

[Low Roller]

Quote from deadbroke:




Uploaded with ImageShack.us [/B]

Explain to me what happened here and what you did, and why, if you will.

 

[Petsamo]

Unbelievable! All those traders at Cobra's message board with their trend lines, moving averages, ellipses, etc, they missed the most obvious trend line.

 

[noddyboy]

Quote from Petsamo:

Unbelievable! All those traders at Cobra's message board with their trend lines, moving averages, ellipses, etc, they missed the most obvious trend line.

Already broken.

 

[noddyboy]

The important part is to buy gold but buy MORE stocks. I would say a 1:2 ratio between gold and stocks. That way, the portfolio is hedged from inflation and deflation.

 

[Petsamo]

I bought the morning dip. Thank goodness!

 

[Locutus]

Well that trendline certainly was helpful! The things you can achieve with crayon's these days...

 

[noddyboy]

Awesome! Have a great weekend!

 

[Petsamo]

Quote from Locutus:
Well that trendline certainly was helpful! The things you can achieve with crayon's these days...

What? Did you actually think technical analysis works all the time?