Current rally on its last leg...

[DEP]

...maybe time to change Direction?

[geordie1]

I guess a correction is due soon but guesswork as to when-by mid october?

[#3]

only thing holding us back right now is resources, particularly the platinum majors. Virtually every share in the top40 has posted 20-25% increased earnings. We are stuck at resistance, sure, but once resources rerate, I recon we are going to reach 2008 levels soon

[geordie1]

hope you are right but just in case you are not I have taken some money off the table.

[DEP]

Will Sept rally become Oct. rally as well? Not so sure... too much $ floating around the globe thanks to FED printing $. This is going to cause pain in the long run.

[Oom_Boom]

Sitting on 1/3 cash at the mo, the rally caught me by surprise. Will wait for a correction. Best is to ignore the noise, else you will be tempted to start buying NOW!

[DEP]

Hmmm, keep an eye on Euro/$ and Gold/$ both turning slightly down after a good run... I believe currencies move ahead o stocks.

[#8]

Don't agree. Gold is through 1315 this morning. I see 1350 on the cards before a correction to 1250. Lets see, if it breaks under 1300 then I am on the fence. If it goes under 1290 then I am completely bearish till 1260s. The dow is rallying boy! Look at it go!

[DEP]

Hmmm, interesting i see Gold "right now" at $1305. What screan are you looking at?

[DEP]

Snap1... Wild markets -> Dow was up over 100 points about an hour ago down 60 points now. Gold trading below 1296! Water falls...

[john_1]

we have broken out in dollar terms..my guess much of the current buying is off shore dollar funds.

[Quakedog]

HAHA you cant call the market!! But its fun trying and not fun when you wrong!!