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Strategies & Market Trends : Talk to Lola:)

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To: Lola who wrote (1298)	10/11/1999 11:18:00 PM
From: koan	Read Replies (1) of 2010

I think the mkt is still digesting the move up; and there should still be a correction - unless this is an olympic move without precedent like 1980. I think for right now the whole ball game is the metals - all eyes should be on the metals because we have just made some sort of historic key reversal and are coming off of unprecedented lows. We are still in a wedge - think about it if you are in Hong Kong: gold just made a $70 reversal what pro is going to buy after such a move without a correction - but and this is a big but, there are still a lot of uncovered shorts and no one wants to miss a big move, so everyone is doing nothing- all just watching each other - I expect it to break down, but if it breaks up then forget oil and anything else and be prepared to position yourself with the best valued quality stocks you can find.

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