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Since we are playing funny bets, I'll venture to say sentiment is so extreme
now, panic so evident that we might as well be close to the top in gold in the
335/350 range, at least short term. In fact this is just the opposite situation
of two weeks ago when the whole galaxy was short... Gosh, now I am sitting in
front of the freight train! Let's say if I were long, I'd go and seek other
ventures now.
FWIW, since I have no positions in gold currently.
Gwenn
| -----Ursprungliche Nachricht-----
| Von: Stig O [SMTP:olausson@xxxxxxxxxx]
| Gesendet am: Tuesday, October 05, 1999 9:57 AM
| An: realtraders@xxxxxxxxxxxx
| Betreff: Sv: Why did it stop there?
|
|
| -
|
| Norman Winski wrote:
|
| > My guess is that when we look back on this in six month, the
| > gold rally will have turned out to be an excellent shorting >
opportunity.
| > Count me not a bull on bullion.
|
| > Cynically,
|
| > Pyrite Pete
| > AKA Norman
|
| > P.S. I see nothing in the planetary cycles that would have
| > supported this Gold rally. That says to me that it is bogus
>and will fail.
|
|
|
|
|
| Sorry for late reply, but I have been on the road for a couple of
| days
|
|
|
| You are on the record Norm!
|
| Below is a quote from another notable Finacial Astrologer, Robert
| Hitt at his free Saturday comment at
http://www.astroecon.com/open.html
|
| "Last week had a little bit of outside "interference" stir up the
| pattern. The unfortunate fact of life for financial astrologers
is that
| individual acts by notable persons or significant events outside
the realm of
| the market CAN have an effect on trading. Astro is certainly not
the only
| ingredient that moves that market."
|
| It's evident that other financial astrologers didn't see it
| comming either. But as we can see, he has another explanation for
the event.
| It's interesting to note, that he is not excluding the
"conspiracy" theory
| ("...individual acts of notable persons...), held by some people.
|
|
|
| .
|
| You may be right that there are no astro signs for RISE in gold,
| but there where astronomical indications that a BOTTOM could, be
in place.
| Adding that to Bondtraders Double bottom, the probabillities for
a rise were
| adding up.
|
| I posted the quote below on RT on Sep 27 when gold was at 266
|
| The Low in Gold was on Aug 25. :
|
|
| "In Ray Merriman's book "The Gold Book" he says that" ..The
| Venus/Mars signautere [aspect], provide one of the most easily
defined
| correlation to gold price cycles."
| (Venus Squared Mars on Aug 24)
|
| The last bottom in gold occured on Aug 25.
|
| On Aug 24 Jupiter went retrograde and Merriman says:"In most
cases
| Jupiter retrograde concurred with the end of a cycle and was then
followed by
| a sharp direction in prices for at least a week and in some cases
lasting 3
| weeks" (exactly what has happend.
|
| In other words the bottm was on time.
|
| In Supertraders Almanc you could read on p415 the 4 (!) days of
| this year which Astrowise had the highest probabillity for
trendchange
| (Astrodays). AUG 24 was one of them!
|
| In the same book p362 (aniversery date index), where dates are
| listed for the highest probabillity (historically) highs and lows
of the
| year, you could see that the weighted index for 1999 was Aug 28 -
in other
| words it's no surprise to Frank Taucher (the author) if the low
(of the year
| in 1999) in Gold came on Aug 24.
| End quote
|
| We may find the answer to Norman's position already this week
| since we on Oct 6 have the last "astropoint" of the the year, as
recorded by
| "SupertradersAlmanac" these days are notoriously associated with
tops and
| bottoms and sometimes (15%) we see acceleration and breakouts in
the affected
| markets (infected...?).
|
| What's interesting with the aspects on wednesday, is that they
| include a SUN trine URANUS aspect, and this is what merriman
says: (1982!!)
|
| "This signature [aspect] brings together two very speculative
| principles. the expected result would be of great volatility...IN
MANY CASES,
| A BULL OR A BEARMARKET WOULD BE INDICATED PRIOR TO THE TIME OF
THIS ASPECT,
| THEN SUDDENLY REVERSE, IF ONLY FOR A SHORT PERIOD."
|
| Is anybody else getting goose bumps!
|
| Stig
|
|
|
|
|
|
|
|
|
|
|
|
|
| << Datei: ATT00001.html >> From ???@??? Tue Oct 05 08:07:53 1999
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Reply-To: "RAY RAFFURTY" <rrraff@xxxxxxxx>
From: "RAY RAFFURTY" <rrraff@xxxxxxxx>
To: "Real Traders" <realtraders@xxxxxxxxxxxxx>
Cc: "Real Traders" <realtraders@xxxxxxxxxxxx>
Subject: Fw: FOMC meeting?
Date: Tue, 5 Oct 1999 09:49:51 -0400
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----- Original Message -----
From: RAY RAFFURTY <rrraff@xxxxxxxx>
To: <joachim@xxxxxxxxxxxx>
Sent: Tuesday, October 05, 1999 9:15 AM
Subject: Re: FOMC meeting?
> Hi John,
>
> The briefcase indicator says the Fed. WILL raise today. For those of you
> who do not know how this works: On the morning of the Fed meeting CNBC
> stakes out the entrance to the building and records the size of Chairman
> Greenspan's briefcase. A fat bulging briefcase, especially with papers
> sticking out, indicates a change in rates, up or down. A thin briefcase
> indicates no change. The direction is determined by common sense.
>
> It works on the theory that to change rates, more information (papers) is
> required than to keep rates the same. To date it has been very accurate
but
> is always subject to error.
>
> Good luck and good trading,
>
> Ray Raffurty
>
> ----- Original Message -----
> From: <joachim@xxxxxxxxxxxx>
> To: RAY RAFFURTY <rrraff@xxxxxxxx>
> Sent: Monday, October 04, 1999 10:32 PM
> Subject: Re: FOMC meeting?
>
>
> > Ray....how about a small one liner after the Greenspan's briefcase
> > indicator....... for those of us who are not tune into CNBC
> >
> > Thanks
> >
> > john
> >
> > RAY RAFFURTY wrote:
> >
> > > Hi Gary,
> > >
> > > Actually, to get a jump on the Fed. meeting tune into CNBC at about
8:00
> AM
> > > EST for Mr. Greenspan's briefcase indicator. It has been correct
> something
> > > like 18 out of the last 19 times. {;-)
> > >
> > > Good luck and good
trading,
> > >
> > > Ray Raffurty
> > >
> > > ----- Original Message -----
> > > From: Gary Fritz <fritz@xxxxxxxx>
> > > To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxx>
> > > Sent: Monday, October 04, 1999 4:34 PM
> > > Subject: FOMC meeting?
> > >
> > > > I'm holding a long position into tomorrow and I figured I'd check...
> > > >
> > > > The FOMC meeting starts tommorrow morning at 0900 ET. But there is
> > > > usually not any impact from the *start* of the meeting, right? Any
> > > > fireworks, if any are to happen, shouldn't launch until they
announce
> > > > on Thursday at 1400 ET?
> > > >
> > > > The market doesn't seem to think Mr. G. will drop any bombs on
> > > > Thursday, given the run-up since Friday afternoon. Anybody want to
> > > > hazard any predictions?
> > > >
> > > > Thanks,
> > > > Gary
> > > >
> > > >
> > > >
> >
> >
> >
> >
>
|