Well here's the deal. I have not had time to even explore the "deservings"/advantages of this Hubleader/Pres. thing. If a bunch of time is spent keeping it clean and up to date, I may well not be best suited for such.
How long have you and Coach been doing it, EDGY? Are you needing someone to give you rest? What are the pros and cons? In the meantime I will explore the site this weekend.
As for the big pic, I see the end of this wave in first half of 09, and the the big Wave 5 [speculative wave] to begin in 2010 and last for -5-8 years.....Commodities will be VERY scarce by then and you wouldnt believe me if I tried to put a dollar price on that. WE WILL MAKE OUR BIGGEST MONEY WITH ECU DURING THAT SPAN if it's still ECU], but the 12-15 next months shouldnt be too shabby either.
In 2001 when I finally left the Yahoo PRST [Presstek] site, I told them that I had been moving my chips into commodities because the GOLD/DOW ratio was super over sold. I told them we should see $75-100 oil and $800 gold again within 5 years. They laughed and ridiculed me even tho' I had earned their trust [gold was $260 and oil $18 at the time]. Isnt it odd how the masses have this mental hangup thing about things staying the same indefinitely. Well, it took 6 years for my extrapolations to come true, and some of them STILL havent left the tech arena! PRST was one of the few stock I traded several times a year because it MOVED and charted.....used options and margin....made good $$$ with it and a host of other techies that were simply held from 1993-2000. The only BIG mistakes I made along the way were in over trading and excessive use of margin. I an good with cycles recognition.
I really am not concerned with ECU's recent behavior on such pitiful volume. For sure, the uptrend line from the Aug 07 low [$1.30] and the Jan. 08 low [$1.60] needs to hold. It is about $165-1.70 this month and moves up about $.07/month. That's my conviction and I am not wrong until we look back from spring 2009......pic
