Strictly: Drilling and oil-field services Message Board

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

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To: Think4Yourself who wrote (75457)	10/3/2000 3:54:25 PM
From: SliderOnTheBlack	Read Replies (1) of 95453

o/t - NASDQ weakness today .... ominous head & shoulder chart and another triple digit loss into positive Fed news ? Pumpin the futures at the open isn't even working any more. Bill Meehan had a great commentary on theStreet.Com about how blatant this has become. Manipulation sooner, or later leads to capitulation. If this wasn't the NAZ; would anyone still be holding, let alone buying this chart ? Key support broke in the NAZ; MSFT new lows, huge 50% haircut after haircut - the market isn't even reacting to a XEROX type of blow up any more ,,, these are commonplace - just take the money & find another corner to hide... But; uhhh ohhh - here goes Oracle... one less "corner" to hide in.... They hit the Aussie $ again, Trying to keep Gold down; Fed refused to change bias, Oils up - the spinmeisters are losing control - Mr & Mrs America going to get another negative mutual fund/brokerage quarterly statement here soon... mutual fund outflows soon imho. We may see a Black October without any dip buying this time imho. Byron Wein on CNBC just said - maybe the end of the era of these type of return expectations... the "bear" word being used with regularity... wonder how long untill the market openly accepts that Oil is and will bleed thru to every niche & corner in the economy...? We'll we talked about how sooner, or later OIL would be in all the headlines - INFLATION is next... then Gold (VBG). Nasty, nasty smell in this market.... traded more Black for Yellow Gold today - added NEM at a 13 year low today and estatic to do it. Raised a bit more cash too. I'm seeing this one like a "beach ball on a batting tee" here.... call it hubris, hype - whatever.... And money running to the old economy cyclical - commodity stocks today too.... gee; whodathunkit ? NEM in the $15's ? - YE$$$$$ ~ XAU 45 come on down...

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