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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: BigBull who wrote (55506)11/27/1999 6:03:00 PM
From: BigBull  Read Replies (2) of 95453
 
What?! No Winter Slam?! Gary, shhhhhhhhh, you're gettin' 50% of the gate, man. <g>

Seriously, my interpretation of Wolanchuk's remarks was that if 27 was taken out that 33.45 would be hit without a trip to 20. Do you think HE meant a trip to the low twenties was in order before 33.45? If you do then you guys have the same count. If you don't, you don't.

How about that Naz 3200 call? Blew right through that one. The 2002 date for a major stock market top corresponds PRECISELY with the time period for a spending wave top. Who says E-Wavers can't tell time. <g>

I stand by my call for a major OSX rally to take place after the selloff to 75-80 zone. IMO this will probably be completed within 7 trading days (the sell off, of course). To me this looks like just an ordinary selloff of the initial run. The idea that oil needs to hit 20 before people will buy oil stocks again seems to me to be well ahh a novel idea, at the very least. No sale on that one. The peak will be 120 for the move (the obligatory "within trend" sell offs notwithstanding)

I find it fascinating, from a psychological perspective, to hear such pronouncements like "Everbody knows oil is going back to 20" "Nobody believes this rally is sustainable" "It's just a spike" "It's just a fake Y2K rally" etc. etc. back in the old days when I first began to learn the craft, this was called a "wall of worry." But I'm probably just an ancient old bull who needs to be put out to pasture. I think I'll just kick back and listen to the young and the studly for a while, maybe an old bull can learn new tricks?

Good trading

Bull
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