Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: Davy Crockett who wrote (2693)	10/12/2001 8:31:03 AM
From: isopatch	Read Replies (2) of 36161

Peter. Did you see this? sandspring.com Not being an indexer, don't pay as much attention to cycle dates as a lot of other people. But with my friend Don Sew into class sell land, and me back up to over 60% cash<g> we could see a correction start in the market today. Don't have any feel at the moment as to whether it will be just a dip or something more significant. Overnight gold already has bounced off the $280 level. Initial target very very ST looks like $285 area to close the gap on the daily. quotes.ino.com. quotes.ino.com Hourly looks a little better with an ascending triangle pointing to at least a pop up to the hi 286s. quotes.ino.com Either way, am going to wait to see if she rolls over - as I expect - to give us a C wave down into the 270s. But we are in a news/event driven market. So another big terror attack and..... That's one of the reasons I like the domestic security stocks more than the golds or the patch plays right now. They are extremely volatile, but the LT potential there has fewer uncertainties than any other sector IMHO. Isopatch

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