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Strategies & Market Trends : Strictly: Drilling II

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To: SliderOnTheBlack who wrote (2072)9/24/2001 11:18:01 AM
From: ItsAllCyclical  Read Replies (2) of 36161
 
>> I still see DOW sub 7,000 and low 5,000ish before this is all over, will NOT be a surprise to me personally. <<

We agree there, but if the Nikkei is any guide that low could take anywhere from 2 months to 2+ years to make. Hell, Japan is making fresh lows 17 years later.

Keeping my core gold positions, but I sold off the traders on Friday and today. Once I think tech and the market have finished their bounce I'll add more gold again.

Likely near term targets are previous support pts (9200-9400 Dow, 1650-1800 on the Nasdaq, and 1050-1150 on the S&P 500).
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