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Strategies & Market Trends : Strictly: Drilling II

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To: Little Joe who wrote (25286)1/10/2003 7:09:03 PM
From: Frank Pembleton  Read Replies (2) of 36161
 
Little Joe -- I'll comment on No.#3 by linking you to what Marcos had to say the other day on timing within the scope of seasonality. It's the best reason I can think of besides the usual stuff from "the four horseman."

-- be sure to check out all the links within that post, a must read!!!
investorshub.com

Your comments about the CRB are interesting from a technical standpoint-- to add to my own confusion, IMHO, the fuel for this latest rally is the double top pattern in the $WTIC chart:

stockcharts.com[h,a]dblaynay[dc][pd20,2!f][iuh14,3!le12,26,9]

and because of the seasonality issue, we may finally see oil and gold move in opposite directions from the start of the second quarter. I'm also speculating that we'll finally see gold outperform other commodities, believe it or not it's been a laggard.

2002:
cocoa -- 70%
crude oil -- 53%
soybeans -- 38%
gold -- 26%

The last point you made about gauging investor sentiment from these boards is about right. There’s probably no point in me reminding you that the people that still chat about stocks are the very people that can trade profitably in a bear market. You have to look elsewhere-- because we're not by any stretch of the imagination "average.”

Regards,
Frank P.
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