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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: quehubo who wrote (28766)1/5/2004 8:28:51 PM
From: profile_14  Read Replies (2) of 206322
 
I am still in the bear camp, thinking that the cold will not strike as severely or last as long and that the market is discounting a large bearish number on Thursday -- see Robry's data and also pipeline receipts as well as baseline demand/supply. The bullish draws will reappear on January 15 with the report reflecting colder weather. Until then it is a gamble either way, IMHO. The options expire the following day. The XLE is way overextended from its 200 day MA by about 4 points. It will retrace. The OIH is waiting for an excuse to pull back, despite the bullish weather news. I think it can go higher, but it needs a breather. I also think we may be at the top of a trading range given the rapid rise. Did nothing today. My little PBR is up 35% in a month. ABV nearly 17%. ADRs are moving fast. It is scarry.
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