Equities Soar, Oil Slides – Mike Paulenoff
Source: http://new.goldmau.com/article.php?id=447Posted on Monday, August 11th, 2008 | In Market Commentary
Contributed by: John Lee (http://goldmau.com) -
Equities are on a roll. Looking at the Nasdaq through the daily chart of the Nasdaq 100 Trust Shares (QQQQ), we see that the Q’s closed at 47.31, just above the declining 200 DMA at 47.25. This is a very positive sign that today’s upmove SHOULD continue towards my next optimal target zone of 48.20/50.
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 About John Lee (http://goldmau.com)
Mr. Lee runs a successful resource focused hedge fund (limited partnership). He is a CFA charter holder and has degrees in Economics and Engineering from Rice University. Mr. Lee has a keen interest in the history of money and economics, and he previously studied under Mr. James Turk, a renowned authority on the gold market. Since 2001, Mr. Lee has researched hundreds of mining companies and personally met with dozens of management teams. He is a sought-after speaker at all major resource conferences and publisher of articles at various online news websites such as Kitco.com. |
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