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Strategies & Market Trends : Classic TA Workplace

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To: Henry J Costanzo who wrote (125116)	10/17/2005 2:12:06 PM
From: The Freep	Read Replies (2) of 209892

I know your USD love at the moment, MC, but I haven't exactly seen gold stocks like NEM responding to the dollar rise with death-defying falls. Not that a drop to the H+S target would be a death defying fall, of course, but it also wouldn't be in keeping with recent patterns. BTW... MMM has earnings tomorrow morning. If I were still the insane gambling sort, I'd've bought some Nov 70 puts on her right about here cuz of MY bias about MMM. But as Shack pointed out, could be some sort of ED wedge break, in which case we'll see MMM up sharply tomorrow. So not good enough risk reward for me, though entertaining enough to toss out my thoughts here! the freep

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