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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 8935
Forum Topic:

Gold, Oil & Indices (Equity & Bond Indices)

Discuss Gold, Oil & Indices (Equity & Bond Indices)
 
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said
mulhouse, France
Posts: 2822
13 years ago
Jan 11, 2011 11:05
gunjack
improvement and upgrading of pipeline in other geographical area
this is part of the matrix.
Gunjack
London, UK
Posts: 1184
13 years ago
Jan 10, 2011 20:16
Have gone long a few (UK index based) Gold mining stocks, trying to play gold indirectly. Also am waiting to see effect of Alaskan pipeline shutdown on CL...92.5 is the upper channel
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Jan 7, 2011 18:23
We won't hold our breath on a stocks flush out. Breadth now made a poxy low of -1408. We need to see #'s > -2200 to be meaningful.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Jan 7, 2011 17:41
CL count still on track for more dowside. The 89.56 level was not breached (almost kissed). Also looking like a semi decent down day in stocks at last !
Gunjack
London, UK
Posts: 1184
13 years ago
Jan 7, 2011 13:49
NFP comes in at 103k with U/E rate of 9.4%
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Jan 7, 2011 11:37
Re the much used H&S pattern, it is often overly used i.e some traders like to force a pattern. Distorted and unbalanced H&S's can be something other than true H&S so beware the eye of the beholder in this respect. An H&S should be a very clear topping pattern and pretty well balanced or in the case of inverted H&S a clear bottoming pattern. Otherwise it can something else.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Jan 7, 2011 11:12
CL also subject to the extraordinary ability of stocks to continue to hold firm on very weak breadth. If crude should retrace above 89.56 level I would be re examining my count.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Jan 7, 2011 11:02
Gold daily chart has hit a 100% sym target at 1354 and bounced for the time being. In the meantime stocks are still holding up on fumes (exceedingly low NYSE breadth). We have 127% ext at 1335 coinciding with the 100 DMA. If gold fails to reverse there we can make lower projections.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Jan 6, 2011 21:28
Ashraf, my tweet on twitter yesterday " Silly thing about US employment stats is unemloy' is closer 17% than 9.7% when all is taken account. Our wicked ways!"

LOL, I didn't need that long lecture on your latest utube broadcast. You are exactly right where news stat announcements are concerned. The majority are constantly and reliably deceived :-)

Good vid as always !
Qingyu
manchester, UK
Posts: 1763
13 years ago
Jan 6, 2011 19:32
yes, i agree.
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