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Strategies & Market Trends : Galapagos Islands

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To: Lazarus_Long who wrote (45701)8/3/2003 12:19:10 AM
From: PuddleGlum  Read Replies (1) of 57110
 
FWIW, I've been doing some weekly candle studies, and I don't like the looks of BKX. I'm not as bullish on gold as Jorj is. Individually, the silver stocks look better to me than gold stocks do. SPX looks ill, SOX appears to have a bit more life in it. DIA looks like SPX. OSX looks better than XNG or XOI. Interest rates have probably topped out for the time being.

Mostly, it looks like we had a double top in June and July, but I don't see any candle signals to indicate that a rapid, broad market decline is on the way.

Those are my thoughts... until they aren't.
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