Guest Posted January 8, 2003 Report Share Posted January 8, 2003 SG note on the Dollar, from an E Wave view Probably completed wave V down this week. This will lead to a MULTI WEEK rally on the Dollar... towards 106, maybe a bit higher... This will put pressure on gold stocks, interest rates, and all 3... bonds, stocks, gold stocks, gold will decline in the next several weeks in tandem. I think... heh heh... SG......due you expect a rally in stocks along with dollar? Link to comment Share on other sites More sharing options...
GregFokker Posted January 8, 2003 Report Share Posted January 8, 2003 Speaking of blowing chunks, Fokker would love to see a sudden eruption of selling straight to the October lows from here, commencing immediately. All of this semi-predictable trading is like endless foreplay for The Big One. Link to comment Share on other sites More sharing options...
simple guy Posted January 8, 2003 Report Share Posted January 8, 2003 A few responses Doc's 3 day CMAP coincides with 50% E Wave retrace I posted earlier.... 26.65... Im with him there.... although I see 25.40 Wave 2 up from here?? I said I would update later... let me see what unfolds... I dont get too far ahead of myself if I can help it... Dollar... SG has not looked at the chart closely in several weeks, I was going from memory... suffice to say its close to a bottom... Thats all for the afternoon kids... I gotta get some work done. Be careful out there... remember, I could be wrong at anytime... Link to comment Share on other sites More sharing options...
The End Posted January 8, 2003 Report Share Posted January 8, 2003 904 is the 50dma on the spx. I will be looking for a bounce from there. Link to comment Share on other sites More sharing options...
Slothrop Posted January 8, 2003 Report Share Posted January 8, 2003 Nice action in MVL. Link to comment Share on other sites More sharing options...
Guest alex Posted January 8, 2003 Report Share Posted January 8, 2003 Doc, any thoughts on SG's latest call on gold stocks/dollar flip for the next few weeks? A nervous PM long here - trying to sit on my hands and not trade. Many thanks. Link to comment Share on other sites More sharing options...
ShamPoo Posted January 8, 2003 Report Share Posted January 8, 2003 ?8:40AM New Century boosted by research report (NCEN) 26.28: Stock bid up to 27.50 pre-market; we're hearing that there is a positive note on NCEN from the research firm Off Wall Street today, though we cannot yet confirm the details of the note.? That?s got to be worth 10%. There?s always a bunch of bull market some ware. Tanks Doc/SG, mo bettu fo sho Link to comment Share on other sites More sharing options...
PileDriver Posted January 8, 2003 Report Share Posted January 8, 2003 I'm still sniffing one more rally gasp. Link to comment Share on other sites More sharing options...
sweefraapp Posted January 8, 2003 Report Share Posted January 8, 2003 Bird: I'm hoping it surely fails at the gap around $15. I've unloaded GLG calls and slglf stock today into strength when the dollar paused. Link to comment Share on other sites More sharing options...
Drano Posted January 8, 2003 Report Share Posted January 8, 2003 Ho ho ho. I can't remember which of the many Spammin' Gurus sent a freemail pushing IGT, International Gaming Technologies, as a great market-proof long -- demand for new slot machines etc. is just going to keep going up, right? Down 3 today, and that's off the lows of the day. Ho ho ho (the guru, I mean) Link to comment Share on other sites More sharing options...
Hoodwinked Posted January 8, 2003 Report Share Posted January 8, 2003 Im with ya Pile...then its lock and load time Link to comment Share on other sites More sharing options...
Guest Posted January 8, 2003 Report Share Posted January 8, 2003 I'm still sniffing one more rally gasp. If they are going to rally it, they are going to have to do it fast. Friday is the unemplyment/jobs numbers and that could potentially be a heartbreaker if you're on the wrong side. Link to comment Share on other sites More sharing options...
Guest AssMaster Posted January 8, 2003 Report Share Posted January 8, 2003 Stronger dollar helps the SA miners which were hurt by the high rand. They might be stronger then the others. Link to comment Share on other sites More sharing options...
fxfox Posted January 8, 2003 Report Share Posted January 8, 2003 ha ha! Heavy selling in DAX auction today, last rate before auction was 3016, after auction close is 2993 Link to comment Share on other sites More sharing options...
simple guy Posted January 8, 2003 Report Share Posted January 8, 2003 SG with one more quick quip A 38 % retrace is simply too shallow in my opinion given the gravity of this leg 3 that has slowly begun here.... I dont think we can have any sustainable upward move here now until at least 25.65 on the Q's, and more likely 25.40... now, when??? I dont know... but today, tomorrow etc.... short term.... Since I'm at 200% leverage, I would like to see 25.65 today, at which point I would cover short term.... 200% leverage allows me the abilities to do so and not worry if she drops to 25.40.... Sorry... back to work... Link to comment Share on other sites More sharing options...
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