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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Roebear who wrote (90381)4/24/2001 10:51:44 PM
From: isopatch   of 95453
 
Roebear. Looking just fine to me in here.

Nice orderly B wave consolidation after the strong initial A wave lift off the lows.

Wouldn't mind seeing OEX even drop under 600, just to get em bearish and bring in enough shorts to launch us into the C wave up. Dow 10,200 would be a reasonable low to expect on this consolidation, though even an intra-day dip under 10,000 is OK though not necessary.

Looking around the threads, people are quickly turning more bearish yesterday and today. Seeing declarations the rally is already over and that we're headed straight to Dow 9,400 or lower. And they are shorting. Excellent.

In Bear market rallies, you need more bearish sentiment to fuel upside moves than during Bull Market up legs.

Several popular SI threads are filled with people that can't wait to short this thing. Some folks have even been doing it all the way up from the low.(g)

Very OT:

Track meet today and #1 son just got in. It was his best meet yet. Two 1st place finishes, and a tie for another 1st. He's a Sophomore who tonight shaved 3 full seconds off his previous best time in the 800, to record a 2:09 One more second to go and he's earned his varsity letter.

Even the coaches are excited. They know they've got a live one for another 2 years. They were kidding him that they thought he was only a soccer player. lol

Life IS good.

Iso
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