| To: rdkflorida2 who wrote (75947) | 8/27/2012 5:37:05 PM | | From: Thrifty955 | | | | | Bulls are naturally nervous because human nature tends to think the worst; (the news is of full of dire straights ) that's why there are so few billionaires ( they think the best) : think about it ; a bulls worst nighmare is they loose half---bears worst night mare it goes up forever ---- |
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| To: Thrifty955 who wrote (75951) | 8/27/2012 6:36:43 PM | | From: Turtles_win | | | | Actually, if you are long and nervous, that is the natural situation during a bull market.
When you start feeling good about things and confident of the uptrend, then it is
likely you will see a correction.
If you can break yourself up into two persons, one who acts and is closely
connected to the market emotionally etc and the other an observer , you'll make a
fortune. If you don't go nuts before hand. The observer knows that you have to
stay long the market because the other one is an emotional wreck.
But if you don't have part of you hooked into the market, you will not be an emotional
barometer. Some people go long and stay long and never pay any attention. They do
OK, but not great. But they do better than those who are completely hooked in
emotionally and don't have the "observer" standing there watching over the nervous
nellie.
Pretty strange post, right? That's for sure. I have never mastered this split of
my stock market person. But , I am still somewhat sane. Anyway, it is a very tough game. |
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| From: Turtles_win | 8/27/2012 6:41:05 PM | | | | | | What is everyone think about precious metals? Nice correction probably just completed. But now the first
leg up out of the correction is correcting itself. Could be the end of the bull or the start of a new
leg up in the bull market to new highs. I'm betting on the start of a run up through $2000. |
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| To: Turtles_win who wrote (75953) | 8/28/2012 11:27:17 AM | | From: architect* | | | | Message 28362115
Thanks to Henri on the Elliot Wave thread, his TA thoughts on GLD and GDX. GDX is coming off a three year low. Mining costs are rising, but the ratio of GLD / GDX is historically very low. Big resources of gold in the ground has market value, if the bull market in gold is sustainable.
With gold near long term highs and gold miners near long term lows, you have to wonder, which one is right. |
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| To: da_cheif™ who wrote (75955) | 8/28/2012 4:29:41 PM | | From: cmg | | | | I always love , "unless of course" I think that one line is very important for people on this thread to unstand, your not affraid to sell, and will take small loses rather that the huge one.........that lesson should be heard loud and clear.....
Back to work :) |
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