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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: isopatch who wrote (913)	8/30/2001 3:38:33 PM
From: Crimson Ghost	Read Replies (1) \| Respond to of 36161

Isopatch: Excellent post that tells it like it is! I would add that VIX readings also are way too low for a major bottom.

To: isopatch who wrote (913)	8/30/2001 7:41:38 PM
From: gold$10k	Read Replies (2) \| Respond to of 36161

Isopatch, a great post with which I fully agree, but I have a question about September, October, and December. <<The recent continued weakness in the broad market indices is beginning to put institutions under a lot of pressure to sell with the end of the 3rd quarter barely 30 days away! The deeper we get into Sept, the greater this pressure will become.>> If I understand this correctly, in a year with significant losses, 1. funds and institutions would be under pressure to sell in September so that end of the quarter statements do not show them holding a lot of losers. 2. funds (and institutions?) would be under pressure to sell in October for tax loss reasons 3. individuals would be under pressure to sell in December for tax loss reasons. Many are looking for a bottom in October, but last year, December was lower than October for both the NAZ and SPX. Wouldn't individual tax loss selling in December still be a concern for those buying an anticipated bottom in October? I would appreciate your or anybody else's clarification on all of the above. vt

To: isopatch who wrote (913)	8/30/2001 9:29:04 PM
From: Roebear	Read Replies (2) \| Respond to of 36161

isopatch, Excellent post, mkts sure in dangerous territory here. Also, someone awhile back (think on collapse thread, not sure) said the key to our mkts and gold would be Japan. With their mark to market period ending end of Sept, it appears that poster will be correct. This doesn't look too bad, higher highs, higher lows: quotes.ino.com Play with the time frames from 1 day to 1 month and you'll see more clearly a sym triangle with the Apex soon. (TA, remember, is not 100% and neither am I, ggg) Hence my earlier call for a large up day in gold (not my preferred choice, btw). Note that so far XAU/HUI has held against the market undertow, another good sign. Besides here and a few (nearly desered) goldbug hangouts, few are calling for 400 dollar gold, much less higher than that. 300 is held out as the holy grail. Yet 400(+) is the more sensible chart target for gold. Going to see if I can get access to the ST chart with that target for the thread. Best Roebear