Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: isopatch who wrote (31535)	7/24/2003 2:55:10 PM
From: Arik T.G.	Read Replies (2) of 36161

That was a great call, and you I remember well that you stood by it and repeated it in later posts. I took a second Gold contract a bit early around 351, and when Gold found bottom at 341 I announced that on my Market comments posts but neglected to take the 3rd contract (full position). The next thing I know it's 349 and oops... But I'm comfortable with the two contracts- Low maintenance position. The chart looks ST overbought, so a small correction is in order, but I'm gonna ride thru it to new highs. Message 19076426 Tuesday, Jul 1, 2003 2:20 PM post 31272 .... Gold ST trend - up IT trend - up (needs more confirmation) LT trend - up Looks like the bull should continue from somewhere around here (latest low 343) or just a bit lower around 341. A close over 363.5 will confirm the uptrend is at work and will indicate higher highs (400+) down the road, which will IMO carry higher momentum then the previous leg up, as in my count we should begin on the 3 of 3 wave of the LT up trend. _________________________________________________ Wow ! Was it an OEX put buying day today or what ? VIX was shouting its lungs out ATG

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