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

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To: SliderOnTheBlack who wrote (89619)4/3/2001 12:14:58 PM
From: ItsAllCyclical  Read Replies (1) of 95453
 
>> Hey; how about a little CONTEST to cheer everyone up ? <<

I would tend to agree with your targets if you are talking short term (say april).

If you are talking lows seen in the next 12 months (probably this fall), then I'll say

DOW 6500
Nasdaq 1300

Dow and S&P targets still not taking into account a global slowing (or bear market multiples).

The semi's are making new lows here and I feel SOX 400 and AMAT 30 or less need to be seen sometime before the Nasdaq bottoms.

Still half cash, half gold. Will sell my gold holdings if the POG breaks 250, but for now it still looks ok. The US dollar is the last bubble that needs to break.

FWIW - Security trader is filled with OSX short ideas these days (NE, OSX).
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