Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: isopatch who wrote (257)	8/20/2001 6:07:36 PM
From: Paul Shread	Read Replies (2) of 36161

Iso, My problem with GLG and other golds here is they're very close to sell signals on some indicators, and stochs are overbought. Doesn't mean they can't navigate around that, but a pullback is an equally good bet. JMHO, and will have to read the quarterly report myself. GLG's relation to its MAs is a positive. stockcharts.com[w,a]daclyymy[pb50!b200!b20][vc60][iLa12,26,9!Le12,26,9!Lh14,3!Lg] CRB closed below 200: test.crbindex.com@CR The Fed is sure going to be interesting tomorrow. From USA Today of all places: "All three major U.S. indexes are down since the Fed first cut rates Jan. 3. There have been seven cases when rates were cut six consecutive times. Only once -- at the start of the Depression in 1930 -- have stocks been lower 6 to 12 months later, says James Stack, president of InvesTech Research." usatoday.com Appreciate your comments. Paul

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