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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Paul Shread who wrote (8133)5/29/2001 3:35:55 PM
From: isopatch  Read Replies (2) | Respond to of 52237
 
Nice size adds by the Fed, today.

biz.yahoo.com

Precious metals and PM stocks having a normal correction.

"Fizzled" is a term possessed of more finality than IMO is appropriate at this point. I'd agree if we'd retraced the entire rally. But that doesn't look likely IMHO.

My MINIMUM target for a retrace on the HUI is 62-3 and we've not even gotten to that level yet.

Looks like LOILY (large position since Jan) breaking out on high volume above the key $3 area.

Regards,

Isopatch



To: Paul Shread who wrote (8133)5/29/2001 4:17:36 PM
From: Terry Whitman  Read Replies (1) | Respond to of 52237
 
I'm not so sure the sell-off is positive for stocks. Miners have been in sync w/ the overall market over the past couple of months. Like isopatch said- It's a little premature to call off the new bull market in gold.

Looking at a ST gold chart, it looks like 270 is the breakout point for the parabolic rise. It should return there and hold, or it may indeed be finished for the time being. Nice article on the telco's today, BTW..


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