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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: isopatch who wrote (88313)	3/2/2001 4:24:08 PM
From: Webster Groves	Read Replies (1) \| Respond to of 95453

Which Friday is that ISO ? Just want to be prepared. -wg

To: isopatch who wrote (88313)	3/2/2001 4:35:01 PM
From: SliderOnTheBlack	Read Replies (4) \| Respond to of 95453

ISo - final hour rolling (make that rolled) over... Perhaps more importantly ; the Nikkei is wilting... Japanese banks have to mark to market their stock holdings soon here & that presents a real crisis. The market has been waiting for a "EVENT" crisis - a Japanese Bank crisis could be it. Japan must export (Toyota, Nissan, Mitsu, Sony etc) their way out of this & a strong US Dollar makes that easy for them. The US Dollar must come down to fend off a new wave of the Asian Invasion here shortly - let GM & Ford tack on another market share whack here & see what that does to the US economy & the time to recovery... PS: your point on the first of the month fund buying was "right on the money"... "Elsewhere" (vbg) they're celebrating & counting their profits from this euphoric tech rally (roflmao) ?!? But, the A/D line and that little red "-66 points" on the NAZ ticker certainly doesn't endorse anything other than plastik-fantastik~ denial...and that magical mystical stock trading wonderland where you celebrate & exaggerate your wins & everyone just pretends the losers never existed in the first place... you know - kind of like Hillary's Cattle Future's Account ! Oil's green today; but Iso as you pointed out - 1st of the month traditional/expected fund buying/cash deployment should NOT over-excite anyone... volume is moderate - I still think the energy specialist funds are fading some leaders into this rotation. The end of this month - March; may present a nice profit taking opp as well; as quite a few fund managers may want to dump some tech losers & add some Oil's to dress up their portfolio's at the end of the quarter... could present some trading opps - like selling & taking profits STRONGLY into any end of March Oilpatch rally. EMC & INTC both may bring bad news by Q1 reporting - quite contrary to their recent defensive stance. Q1 reporting come April - I think will bring a true NAZ bottom blow off; with only an unforseen "Crisis Event" potentially bringing new lows from there. Waiting patiently to let Q1 Tech Earnings unfold is the smart-money risk vs reward play imo. I can't believe Al Goldman from AG Edwards is on CNBC saying "once again" - saying - "that this is the best buying opp in ten years - the best since the Gulf War crisis ..." HELLO ? (this is at least the 4th time Goldman has said this since Sept & NAZ 3500). Hurrah ! for Ted David of CNBC !!!!!!!!!!!!!!!!!!!!!!!! ... he just railed on Al Goldman for being in essence a "Salesman" - duhhh; whodathunkit ?!?!!? - he asked Al Goldman - "would there EVER be a point where you would say - don't buy, get out & sit on the sidelines ?" (pointing out his & all these other pundits endless series of "THE BOTTOM" - "BEST BUYING OPP in 10 YEARS CALLS for TECH"... Kudo's to Ted David for not being PC and throwing these assholes underhand softballs when being PC is clearly not called for...but, ripping their ass & calling them on the carpet is... Also; "elsewhere" - some have started to pick up on a "March to April/May" Oilpatch rally possibility... wonder where they picked that up (VBG) ?....however one caveat they need to pick up on as well is aligning itself in the stars... and that is - Q1 Tech Reporting which I think is going to bring the "final act" to the end of the tech bubble; with a final capitulation blow off that quite unfortunately is going to take the wind out of everthings sails when it happens imo (except gold that is). Calling a tech bottom is guesswork - but, I'd throw my guess out there of something on the order of an intra-day low of 1650 & a sub 1800 close for THE washout/capitulation day in April off of one of the "names" missing & missing big...(CSCO, INTC, or EMC etc.). MWD a new 52 week low; financials, brokers not where they need to be for a healthy market about to bottom - they financials are far, far from leading this market out of a bottom. This is still a 30-50% Cash market environment & for both offensive & defensive reasons... as you can't buy the dips,let alone THE MOABO - if you aren't in a strong cash weighting. Caught some GLG under $1.50 this am - that's the only trade I made. I'd like a move in the OSX to 135 that's met with resistance again - where I can flip out of my holdings again; with this occuring just prior to the Q1 Tech reporting - so I'll be sitting in approx 30-35% Gold/Silver's and 60% cash; able to buy the Q1 reporting Tech Wreck - NAZ 1650/MOABO & the cooresponding/simultaneous OSX reaction/pullback to perhaps 110-115... "THAT" is the scenario I want to see to go back to being fully invested & an aggresive investor/trader. The next 6 weeks will be "Real Intersting"... BUT ! - gotta love that dayrate news from Big Dog on Dain's RDC report... drillers; when, not if & they will be THE play... only patience is required & I think we get "one last" pullback in them & THEN - it's load thy boat & time even perhaps revive ole mad max margin...maybe; just maybe... ciao~