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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: Terry Whitman who wrote (76731)11/23/1999 8:39:00 AM
From: Lee Lichterman III  Read Replies (1) of 86076
 
>>Now if we can get the stocks to follow. <<

Tell me about it. I took a position in the XAU yesterday as my stuff said it should break out but instead it dies while I was at work and was pretty disappointed when I saw the last half of the day.

I think the over all market is due to pullback here but calling manias is always tough. I just can't help thinking that things have to at least take a breather but when they can runthe indexes up on 3 stocks, it is always difficult to say when.

Gold at 298 this morning I would hope can push the gold stocks up a bit. I read somewhere there was going to be another BOE sale at the end of this month so that might hold us below 300 for a while. XAU broke below a daily trend line but the weekly line is still in tact. Lets hope for a nice bounce today. I was originally planning on holding for at least a double and maybe a triple but now I would be happy to get a scalp unless something major happens that is good and fast. I should know better than to try and play value instead of over priced Momentum stocks. <ng> Higher Oil, crashing bond and transports, utilities making new lows etc doesn't matter. I always forget rule number 1 of the new paradigm, tech stocks only go up.

Good Luck,

Lee
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