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

To: isopatch who wrote (89195)	3/24/2001 9:28:01 PM
From: t4texas	Read Replies (2) \| Respond to of 95453

that is correct. that is correct! that s&p 500 chart with channels drawn is very good. i have tremendous respect for channels and how, no matter what the measured quantity, things move back into the channel after being out of their longer term channel. no matter how negative the sentiment indicators get, it is hard to look at history like this and to think/imagine we could launch into a new bull market. seems to me the way to survive for the next 2-5 years is to keep the downward trend firmly in the foreground until it changes, trade short/intermediate term trends and trade often, short upmoves when the momentum wanes, get some gold miners who are unhedged, recognize that oil/ng is more useful and important than technology and more technology (oh by the way i am a technology guy by training and profession), and don't try to buy and hold much of anything.