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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: SliderOnTheBlack who wrote (65976)5/10/2000 5:11:00 PM
From: BigBull  Read Replies (2) of 95453
 
Slider, check me if I'm wrong, but I believe I said I wouldn't be surprised if The markets saw a substantial rally the day of the hikes, not before.

Since I still have a hefty cash position it is somewhat immaterial to me wether it is today, tomorrow, or next week that the bottom is reached. I ain't sweating it at all here. Cool as a cucumber. What is important is that every sell off brings the market ever closer to those extreme sentiment readings I spoke of. And guess what? A MAJOR bottom is very near. VERY near. I still stick to the mid May timeframe. Dow 10000? I don't really know. All that is needed now is for a nice final pop up in the bearish sentiment, and over all market risk will be CONSIDERABLY REDUCED. It could come any day.

Almost there:
stockcharts.com

I really have to like the OSX here. It has the relative strength - tech does not. I don't expect much out of tech until the fall. The computer biz is approaching the summer doldrums and I don't see any new products out there that will really jazz people up. Computers are are a huge segment of tech in pure volume terms. Having said that the new Sony Playstation will KILLLLLL. ;o} But that is a Christmas story, right?

C'mon Slider, you've gotta give the ole OSX some credit here. It's holding up very well, while on a relative basis tech is doing it's best imitation of "I'm falling and I can't get up". If I felt the OSX was immune to selling I would not have so much cash. My views are moving ever closer to those of Jim_p. I want my OII. I long to be reunited with the "Immortal Beloved", the only OSX stock you can take home to Mom! ;o}

Bull
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