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Strategies & Market Trends : Strictly: Drilling II

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To: steve susko who wrote (33580)11/12/2003 11:41:32 PM
From: nspolar  Read Replies (3) of 36161
 
steve, I'm still thinking that some respected bulls are wrong, and this market is going to do a serious retrenchment, including of course tech. Will look harder over the weekend. The bounce back of today isn't going to cut it imo, and maybe it will give it all back and more within just a few days.

Coupled with that I'm also wondering if some HUI targets are too optimistic. I'm not sure of precise counts here re this 4 and what has happened beyond. Gotta look at that closer too.

I'm wondering if that sooner than we might think the risk reward will not be with pm's, but general market shorts, and the last part of this year and 1st qtr next year will be a rough one. Most still seem to think there is more to go here, after a minor dip. Most are usually wrong.

Some indicators I follow are indicating more than a minor dip, imo.
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