Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: Frank Pembleton who wrote (3285)	10/28/2001 10:17:20 PM
From: isopatch	Read Replies (1) of 36161

Frank. Patriotism and national security considerations definitely having huge effect on the markets. This is one of the trickiest markets I've ever seen. So much has changed during the past year that I've noticed people, all over the web, at a total loss about what to do. One of the most interesting things I've noticed very recently is how many people are fighting this rally. Anecdotal sentiment samples I look at on various threads remind me so much of April/May, it's amazing. Is this another bear market rally? IMHO , it is. But with dips along the way my read is we've going higher into early next month before we start a test of the lows. The war mentality has had a big impact on my portfolio choices and trading results. VSNX been outperforming everything else in my portfolio the past month. INVN (a bit more recent purchase) very strong as well. Happy with the patch plays I'm in. But a fundamental part of my trading plan is to continue keeping a substantial cash reserve. One good reason for stressing the value of cash: Considering how it seems to be turning up almost everywhere else, anthrax might also show up at the NYSE = another multi-day shutdown AND another much lower reopening. There are just too many uncertainties not to give cash it's proper due in the asset allocation equation. Did a lot of DD the past coupla days. And see several flow of funds factors coming together that are making me a little more friendly toward gold.<g> US Dollar looks like it may be putting in, at least, a ST top here. futures.tradingcharts.com Also, COT reported Friday showed a huge wave of short by commercials in the COTs. cftc.gov Icing on the cake for "Iso's Metrics" would be to see more firming in lease rates. Let's see what next week brings on that front. Best Iso

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