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Strategies & Market Trends : Strictly: Drilling II

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To: yard_man who wrote (26985)2/4/2003 5:40:31 AM
From: Arik T.G.  Read Replies (2) of 36161
 
I was surprised to see Gold making a new high so soon.

My IT top held for only one week (I thought 2-4 weeks) and was good for only $11 correction (I thought at least $15).

It is a bad sign, along with the USD extreme weakness, and I expect the turmoil that is indicated by the behavior of the two to break above the surface soon.

When it does, it will help intensify the down trend in US stocks, with the BKX leading the pack.

ATG
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