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Old 11-28-2004, 09:49 PM
crash9 crash9 is offline
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Join Date: Nov 2003
Location: Tiki Island Texas
Posts: 1,049
General dollar weakness has been going on for about two years now, but the Pound has just a week ago had a major upside breakout at 185ish. We’re starting to get into the third wave of this when the public gets sucked in, but that is when the market can move very fast as it becomes a near panic. Gotta have somebody to sell too.
You don’t have to do everything at once, but about the best you could hope for in the spring is 175, maybe 170 and waiting to get that lucky would be the greatest risk. You’ve missed a great deal of this already, but thinking it won’t just continue is a huge mistake – There’s not a one in five chance that it will, but it’s starting to feel like this just might be that one time. You know it’s got to happen sooner or later and it may be that this really is tomorrow. Buy some here and if the market doesn’t set back right after the new year buy some more. The market is off about ½ cent tonight as the weekend retail numbers looked pretty good – we’re overbought and could expect a pullback to 18650 during Tues. trade – I’d jump on that.
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