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Strategies & Market Trends : Galapagos Islands
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To: stevenallen who wrote (52003)5/5/2004 8:40:24 AM
From: AugustWest   of 57110
 
Well, I hope I'm doing the right thing.
I'm always concerned about the delayed reactions after Fed day.

re: my PMs. about a week or so ago, I did a lot of house cleaning. I blew out of a lot of positions but the few I held on to I was adding to all the way down.
I still doubt we're out of the woods there but yester day was a well needed bit of relief.
If POG can't get over 400 real quick like(already showing it's having troubles doing so) it's going to be coming under further pressure.
Seems to be a lot of people figuring POG won't be doing much before fall and I'm starting to agree with them
In fact, I wouldn't even rule out a run down to the 355-360 area.
If that happens, then I imagine there will be a lot more opts to get into your favs. IOW, I don't see any reason to hurry into them with the exception for perhaps a few trades along the way.
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