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Strategies & Market Trends : Strictly: Drilling II

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To: isopatch who wrote (8724)3/4/2002 9:56:13 AM
From: Arik T.G.  Read Replies (2) of 36161
 
Weekly comment

S&P

Broke easily thru 1125, looking up towards a new local high (1180). Will probably correct some mid week.
Longer term I still think we are on the second corrective leg on a LT down trend, and after this spring rally exhausts itself the markets will head lower.

Naz

Could start making up for the relative weakness of last couple of months. The preferred long in the US markets now.

Nikkei

Made a wonderful W bottom on the weekly chart. Overbought, but LT trend changed from down to UP!

Gold

Still on the fast lane to glory.
290 important support. 340 next resistance.

ATG
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