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To: Mark Fowler who wrote (123448)	4/11/2001 9:52:43 AM
From: pater tenebrarum	Respond to of 164684

gold stocks will BECOME kinky stocks, one day...:) we get gold rushes every 7 or 8 years. this long term cycle bottoms this year, so the sector should perform well over the next say 12 months at least. re. the general market, my cycle work has April 12 and April 23 as the next two potential turning points. so i'd move stops for long positions a bit up tomorrow, on the possibility of tomorrow becoming an ST high. if the market keeps rallying into April 23, i'd sell there and go short again. the gap will likely be filled, but not necessarily in the near term. note however that WS strategist asset allocation models have their largest equity allocation EVER, at an average of 70%! incredibly, they have kept raising their equity allocations all the way down. some, e.g. Galvin, have an allocation of 90%. this is exactly the opposite of what you'd expect to find at the beginning of durable bull markets. for comparison, in December of '94, shortly before the market really took off, their combined equity allocation average was 34%. the problem with such high allocations is that they leave no potential fuel for a longer term advance. per definition an extremely high allocation can only be CUT in the future. this means all bounces should be regarded as bear market rallies, until the equity allocation average of WS firms drops to below 40% once again.