Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: Arik T.G. who wrote (23853)	12/19/2002 11:51:46 AM
From: isopatch	Read Replies (3) of 36161

Arik. Golds powerful upside momentum here is limiting corrections and stranding a lot of ST timers with too much cash, forcing them to chase prices highter, as the metal and the stocks continue to turn before obvious support levels and reaccelerate to the upside. This is classic Intermediate Trend behavior. Mr read continues to be that corrections are brief (1-2 days) or shallow via flat to slightly down price action for longer intervals. This is a big bull move and I'm continuing to hold overweight position in gold Jrs, and high quality larger plays, per previous posts here. <Staying long, strong and enjoying the ride> Isopatch

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