Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: Roebear who wrote (26237)	1/22/2003 9:47:10 AM
From: Arik T.G.	Read Replies (1) of 36161

ON Topic Market commentary S&P Looks like we have started the next fast move down. Nice drop in the BKX yesterday. ST trend - Down, very oversold IT trend - Fast move down LT trend - Down Naz Almost the same, only IMO the Naz will not lead this leg down but will tag along. ST trend - Down, very oversold, should bounce up 1-2 days starting today. IT trend - Down LT trend - ? Dollar I thought 1.055 for the Euro was ST extended and it went to 1.072 this morning. ST trend - Down , very overbought IT trend - Fast move down, extremely oversold LT trend - Down Gold Showing some fatigue but I still target the 371-3 area ST trend - Up IT trend - Up, Beginning to crest LT trend - Up, gaining momentum ATG

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