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Strategies & Market Trends : Classic TA Workplace

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To: AllansAlias who wrote (47856)	7/27/2002 6:06:31 PM
From: yard_man	Read Replies (3) of 209892

Re HUI -- two comments. Ouch, I bought back too early ... after selling a few weeks ago at a very good pt. Just a couple of days early on that hurt a good bit. That said, if you think it still has a shot, a reasonable way to play is to use a little bit of ones risk capital to buy a few of the better known small players. Like "long-dated" options on gold OK -- one more comment -- dollar correction I think has been brought about by the recognition that the 2nd dip is worldwide as it had to be given the prominence of the US economy. Here's what I think happens -- this next move will result from a move in equities lower, which some abroad are not sure is going to happen. Then the dollar correction is over ... There are some that don't believe the dollars shorter term moves have anything to do with gold -- I find that hard to believe myself ... Unless they simply fall off another cliff, it may be a week or two before we know if it's your favoured or ... OVER, IMO.

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