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Symbolic Of The Perma-Bear Ultimate Fantasy?


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Gold stocks were so dover sole it wasnt even funny, dont think its anything else.

 

Could be a nice bounce

 

US Dollar is pulling back, but should be in a multi week, month corrective towards 107-109 range IMO, before resuming her decline

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It's perfectly emblematic of TA's great weakness - ignoring funnymentals, and, in this scenario now so much the subject of TA conjecture - ignoring history.

The great weakness of funnymentals is ignoring TA.

 

Funnymentals can be used as a bullish or bearish bias. But when the market blasts ahead on bearish funnymentals (which it does at the bottom of every recession) or collapses on bullish funnymentals (as in March-April 2000), TA trumps funnymentals.

 

This is ignoring history? TA is nothing but the application of historical tendencies.

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