Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: isopatch who wrote (8429)	2/28/2002 9:33:58 AM
From: Arik T.G.	Read Replies (1) of 36161

Hi iso, S&P From the Sep low there has been one leg up to the Jan high, and what looks like a correction to the area of the 38.2% fib (@1088) to the whole up move. Anything below 1074 (recent low) will send the market down to the next magnet - the 61.8% fib @1033. OTOH we could have started a second leg up. If we clear 1125 the recent low will hold until a new (maybe marginal) high will be produced (1178). From Donald I gather that the recent 1124 high should limit ST up movements so I ST down, then we'll see. Naz Beats me. After the big outside day yesterday it will probably make a small inside day today. Gold The weekly chart is still lovely. Uptrend will be in joepardy only under 272. Fast move up still in progress, as long as we remain above 290. ATG

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