The 300 dma is obviously a lagging indicator.  I know you are a big fan of it.  I like to use the 65 week ma - just my preference both measure about the same amount of time.  What bothers me is that neither of these ‘long term’ supports provided much if any support during this correction.  The same can be said of the 200 dma.  We sliced through each of them without a problem. 

We used to think these LT averages were as ‘good as gold’.  The 200 dma and 65 wma have each turned down on both gold and silver.  Silver’s 300 dma has also just begun to roll over.  This correction is unlike anything we have seen during the bull market considering how far below these important ma’s we currently are.

No.  Of the posters there, some posted more and others were posting less.  I’m not sure why I do not remember  her.

Many thanks for that chart and wave count.  I just got in, later than I would have liked, but the couple were celebrating their 63rd anniversary, so we gave them our best tonight.

Will study it tomorrow.  Thanks again.

The noose is so tight already , oxygen has been cut off to the brain..lf you have statements you can fax to me , I would like to look at his movements..Talk to you later this weekend..

Thanks for the note on the election. As my mantra is,’ Wait for the snow’. Since you  are beachcomber, I let you know from the high country.

Out of battery. But hold the thought ..if true then he has noose a little tighter ..let it be for now.. will fill you in later

DEBKAfile’s military sources report that the commander of the Russian, Navy Adm. Vladimir Vysotsky, and his Syrian counterpart, Gen. Taleb al Barri, spent all Friday working on details for the outfitting of Tartus port to accommodated increased Russian fleet Mediterranean missions not far from Israel’s shores.

Mottaki’s unannounced visit to the Russian capital focused on the timetable for Atomstroiexport to finish work on the Bushehr reactor after five years of delays.

www.debka.com/headline.php?hid=5577

New York Fed Holds
Emergency Meeting
On Lehman’s Future

By DAMIAN PALETTA, SUSANNE CRAIG and DEBORAH SOLOMON
September 12, 2008 9:55 p.m.

The Federal Reserve Bank of New York held an emergency meeting Friday night with top Wall Street executives to discuss the future of venerable firm Lehman Brothers Holdings Inc. and the parlous state of U.S. financial markets.

The meeting, which began at 6 p.m., was called by the New York Fed in an attempt to find a solution to the problems plaguing Lehman. The group, which consisted of the heads of most major financial institutions, is expected to meet throughout the weekend to see if it can agree on some way to rescue the ailing firm, according to a person familiar with the matter.       ………

In attendance from were government officials, including New York Fed President Timothy Geithner, Mr. Paulson and Securities and Exchange Commission Chairman Christopher Cox. The Wall Street executives included Morgan Stanley Chief Executive John Mack, Merrill Lynch Chief Executive John Thain, J.P. Morgan Chase CEO Jamie Dimon, Goldman Sachs Group CEO Lloyd Blankfein, Citigroup Inc. head Vikram Pandit and representatives from the Royal Bank of Scotland Group PLC and Bank of New York Mellon Corp., among others.

http://online.wsj.com/article/SB122126724103330909.html?mod=yahoo_hs&ru=yahoo

among others??? BOA, WA, WM , AIG ??? Might as well figure out what to do with AIG, Wachovia, and Washington Mutual.  

What will they dream up this time.!! 

stockcharts.com/h-sc/ui?s=&p=W&yr=9&mn=4&dy=0&id=p37221815335&a=151048498&listNum=1

wxman @ 17:40 pm on September 12, 2008

-> Posted by TQ @ 17:46 pm on September 12, 2008

Thank you for those posts. BTW, aurum asked me at around 10:40 to try to make EW sense of the $CDNX; as I have no time tonight, I ask, have you done the count for the $CDNX? If so, could you post it ? TIA

http://www.opensecrets.org/news/2008/09/update-fannie-mae-and-freddie.html

Sorry BIS ..I am going to find a way to tell the story so we don’t get in trouble here. Bad bad stuff though just plain bad.

I see it..just spent 1 hour reading e mail from both ptwrni and jtk22552 can only respond to ptwrni e mails.. damm I am cursed with these machines….

Cannot get thru to your cell.. call please if you see this..TIA

Read you blurb about 500 oz min for silver.. Well yesterday in my little canadian neck of the woods I was also told  500 oz min order for silver  and 4 months delivery time..Whats with the 500 oz min now? Seems like a lot of collusion going on here..like maybe the physical market is trying to unseat the paper market by stirring up a hornets nest of demand.. WTH

you may well be correct

re: ” I have also thought that perhaps his fund has seen just a little extra attention from the Boyz, as payback. ”

But I am suspect of Eric Sprott’s motivation ..

^ ^