Posted by: eminitrader June 28, 2008
Making Money with Eminitrader
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Latoboy, I will buy neither of those 2 choices.

Jan 09 110 C are trading at 17 and Jan 10 110 C are trading at 21. The dollar will probably strengthen in few months and oil prices will come down significantly.

Singing bowl, I saw you recommended GFI which is okay, if I want to buy gold I'd rather buy GG or GLD. Even when gold had this nice run-up GFI was weak, so when gold reverses it will be the one to take the biggest hit. I had sent you the set-up, make sure that the stock passes that set-up. If you had used that set-up, you could have purchased GG few days ago before it made a new high.

I think we are getting closer to a short-term bottom. The area to look for is 1240- 1260 in S&P. There will be another trading-rally and another leg-down to end this downtrend.

Samsara, I deleted your post as you had requested. It was similar to asking someone to tear down the Sistine Chapel after Michelangelo had painted the scenes from Genesis and The Last Judgement. I felt sick deleting it but it was your choice and I understand why.

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