fiery friday, page-138

I think we should try to think back to June 3rd. Until then we had been rather spot on with the 1930 chart. Volt many times pointed this out along with a few others. This was very useful advice.

However, it turned out that the fearful nature of many posts what would possibly (I emphasise possibly) eventuate from 3rd to the 26th did NOT eventuate. Rather our little outside bull Selmax was the devil's advocate who pushed we would see 4600 before going down. Those few who followed that made more money than those who feared past charts/followed the bearish posts. This is not to say Selmax gets it right again. Maybe that was high risk and paid off this time.


Each to their own - and ultimately we make our own decisions. That it is why Hot Copper is so good - it allows mixed views/charts/forecasts/anaysis of past market experience). Be careful if you start following one or two specific posters too much.

The bigger question now is do we revert back to following those 1930's chart like we did from Jan- June 3rd - continue to not be so close. (But a similar general trend).

I say with the RSPT being reviewed it might be just possible that the big boys and the politicians might be allowing the media to keep this in the news daily - inticing newies or oldies back in to buy resource stocks. Allowing them to sell into the highs.

In Armstrongs 3rd most recent article he stated "whatever June does we do the opposite in August". Hence if we are down for the monthly expect July to do the same and then bounce August. (Buy late July) More than likely we have not dropped as much as we should have and look out in August.

If we rally as much as the 1930 chart does then expext a rally form now until early August - slight drop in early August and then onto a top in very early September. (Maybe this starts in late August here) Coincidently the likely date according to Labout powerbroker Richo. (He stated Sept 4th or 11th last Thursday as likely dates. He is rarely far off the mark when it comes to insider info).