Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: Frank Pembleton who started this subject	8/29/2003 11:02:43 AM
From: nspolar	Read Replies (1) of 36161

A few of us have been bearish the dollar. The wave structure as of this morning appears to have changed, to impulsive down. This type of observation is subjective ... but put that along with the Dec gold/dollar futs it appears Greenie and the boyz are in full blown defensive position now. What is somewhat surprising is how tempered this pm run remains. A good sign and as long as I see it I feel fairly comfortable. Message 19233357 We will have to watch and see how it goes, but an impulsive down in the dollar as some of us expect could drive gold a long ways.

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