- HSL Harry Schultz Life Strategy: 30.10.2005 Newsletter - Emerald, 08.11.2005, 11:28
- danke! (oT) - Andar, 08.11.2005, 17:53
danke! (oT)
-->>Currency outlook mixed: Euro versus US$ is scary. If double bottom at 1.19 fails, odds favour a dive to 1.00. CHF also has double bottom risk, must hold 77 ersus US$ (wir sind gerade bei 00.760390 angekommen!)
>Gold: The classic 3 emotional stages of bull markets, including this one in gold, are:
>1. Disbelief.
>2. Cautious aceptance.
>3. Euphoria
>Clearly we have finally come out of Nr. 1.
>The acceptance stage is proven via participation by funds, volume & price rising
>over important resistance points (an 18-year-high on 9/23). It's supported by economic factors of course, eg, inflation, excessive debt, etc.
>This 2nd stage should run for serveral years, with numeours sharp rallies & scary corrections (up to 50 %) It will be a trader paradise, IMO. -- Technically, the chart is poised within $ 2.00 of a breakout, to 477.00, which would kill off the H&S top pattern that (if it breaks down) could see a slide to 450.00, even 440.00. That would then postpone the otherwise pending rise to 500.00.
>If U see 477.00 in the next few days, take it as a buy signal. Conversely, a close under 470.00 may bring in selling to test the 461.00 neckline, which if broken takes us to 450.00, or 440.00 worst case.
>soweit ein kleiner Auszug aus 12 Seiten Newsletter.
>Emerald.
>PS: Nicht nur für Fridolin, auch für alle andern!

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