tag:blogger.com,1999:blog-2335748440449035592.post8107638971115087660..comments2008-08-19T16:09:12.115-04:00TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-2335748440449035592.post-73177554765468687442008-08-19T16:09:00.000-04:002008-08-19T16:09:00.000-04:00Love the "caveman" paragraph. Almost fell off the chair. <BR/><BR/>This is not a market, in which, one can find sustained logic. Hal9000 just wants to ride the sine wave up and down. Hal9000 doesn't care about the peak to trough distance of the sine wave.EBearhttp://www.blogger.com/profile/10999204922475655271noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-89451673259517546942008-08-19T14:59:00.000-04:002008-08-19T14:59:00.000-04:00TM:<BR/><BR/>Hi there!<BR/><BR/>This past week in my newsletter I highlighted the fact that gold's pullback was a 50% retrace of the prior big move right to support; it isn't a bear market yet for gold and I am a little skeptical of the dollar's strength in the face of weakening fundamentals.<BR/><BR/>Same goes for crude; I still see this as a pullback within a bull market; for both crude and gold I think we are in extended ranges over the next 12-18 months until the next bull market in equities when commodities will lead again. <BR/><BR/>Of note, insiders at energy companies as well as metal companies are buying their shares to an extreme degree. This isn't always perfect as insiders at financials were buying en masse at the top over 12 months ago, but I would rather have insiders buying on pullbacks than not.<BR/><BR/>My guess is that this is not a bounce to new highs but to establish the upper end of the range.Guyhttp://www.blogger.com/profile/09198161809721597881noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-50338650025200347052008-08-19T14:50:00.000-04:002008-08-19T14:50:00.000-04:00Good job<BR/><BR/>When I first read it I thought you wrote you nailed it at 11:34 last Friday and I was thinking: man, must be quite an alert system to be that accurate<BR/><BR/>I still am not sold yet on any real reversal but its a nice 2 days out of purgatory.TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-22986766015225790652008-08-19T14:46:00.000-04:002008-08-19T14:46:00.000-04:00I got lucky and nailed the bottom in oil at 111.34 last Friday. I wrote about it here:<BR/><BR/>http://lcmarket.blogspot.com/2008/08/trading-idea-long-crude-oil.html<BR/><BR/>At the time, I thought it rather peculiar that the Georgia Russian conflict made so little noise despite that Russia supplies a large portion of the EU's energy needs.Lawrence Chiuhttp://www.blogger.com/profile/05412184365085411757noreply@blogger.com