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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: Paul Shread who wrote (12849)7/26/2001 5:15:41 PM
From: isopatch  Read Replies (2) of 52237
 
Paul. Nice work in MSFT & Dell

Agree. Not much to get excited about. Just sticking my toe in the water here and there (cash currently 80%).

OSX & XNG still struggling to confirm a good trading bottom.

.13 drop in NG today, leaves open the possibility that yesterdays strong pop on a lower storage build was a one day wonder. So, NG also needs to show more evidence of bottoming action or XNG strength will fizzle next week.

Not overly concerned about current decline in gold. Looks to me like the weakness is markets expectation S.A. will successfully head off miners strike by Friday or (at most) over the weekend.

Will try to buy the news.<g> Last week and early this, traded down to 1 gold stock position. And that's a 1/2 position. So am rubbing my hands together. It was all I could do to prevent myself from buying some NEM this AM.<lol>

Best regards,

Isopatch
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