Okay, I'm going long the stock indexes

Monk · 10-26-2004

not jumping on the stock index chart wagon just yet.... at a critical juncture in my opinion.....I know wig uses longer term cycles so that gives me some comfort on which way we might go... but until my chart formations resolve one way or the other... I am watching from the sideline (except for my gold longs, some oil longs.... and a couple other things) I have a $COMPQ and $SPX chart somehwere.... will post them tomorrow.

Feels intuitively that oil might be topping out here for the intermediate term (but has huge upsaide long-term) and also feels like dollar has been lambasted so hard for so long that this trend may bounce the other way for awhile also (until the main trend resumes later on)

Gold is golden!!! Short term and long term.... in my opinion.

10-26-2004	#10
Monk Members Join Date: Oct 2002 Posts: 497	not jumping on the stock index chart wagon just yet.... at a critical juncture in my opinion.....I know wig uses longer term cycles so that gives me some comfort on which way we might go... but until my chart formations resolve one way or the other... I am watching from the sideline (except for my gold longs, some oil longs.... and a couple other things) I have a $COMPQ and $SPX chart somehwere.... will post them tomorrow. Feels intuitively that oil might be topping out here for the intermediate term (but has huge upsaide long-term) and also feels like dollar has been lambasted so hard for so long that this trend may bounce the other way for awhile also (until the main trend resumes later on) Gold is golden!!! Short term and long term.... in my opinion.