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


To: isopatch who wrote (2218)9/27/2001 11:34:28 AM
From: SliderOnTheBlack  Read Replies (2) | Respond to of 36161
 
ABN AMRO OSX downgrade.... final shakeout ?

...tax loss selling is hitting - ABN AMRO calls for OSX 50 price target & some stocks getting near LT support... if history & seasonal patterns repeat... we'll hit a bottom here soon & it will take a 3-4 time retest of a banded range of perhaps OSX 45-50 as a bottom & 60 as resistance thru January 02 to establish a cyclical bottom.

Whether we see a nice trading pop in the traditional March to May period; strictly depends on the global economies, the weather to great extent and very importantly the global War/Terrorism threat.

Nat Gas is back to levels that all but 3-4 posters "here" last December ever envisioned - simply amazing isn't it ... how cyclicals & momenteum/sentiment driven sectors act (VBG) ?

... well, we're getting close to a final capitulation shakeout in the OSX here boys & girls.

Let's see if Admiral Dore whips out his wallet at $4/$5 GLBL here soon ... that'd be a positive sign (vbg).... leaps will soon be a nice play on select - bedrock OSX co's...

Maybe we'll get to throw some "yellow" gold profits back to "black" gold ?

...whodathunkit ?



To: isopatch who wrote (2218)9/27/2001 7:08:44 PM
From: Roebear  Respond to of 36161
 
iso,
RE: GOOD LUCK to us all!

Amen bro, see previous post!

Roebear



To: isopatch who wrote (2218)9/27/2001 9:11:05 PM
From: Stormin Norman  Read Replies (1) | Respond to of 36161
 
One thing that I have been thinking about this economy is... what will bring it back? I reckon we have far less manufacturing than we use to and our economy seems to be far more service oriented than ever before.

I never liked the idea of NAFTA and GATT, not that I am really educated on their positive and negative aspects but, it seems to me, we have sent much of our industry across the border. I can hardly find fruit and even some vegetables that are not from another country sometimes.

That doesn't even include the nationwide increases in personal debt accumulated in recent years to fuel the economy and the wealth transfer that took place since the tech bubble burst.

Looks like it is going to be a long hard climb back from whatever bottom we end up at. A very long L but certainly not the V touted by my old broker, who says his firm called a bottom Tuesday. Sheesh.... seems like that is possibly leading sheep to the slaughter house. At first I thought it was laughable but in reality? It kind of makes me feel sick.

(I should know, I was led into the slaughter house, I recognized it was the slaughter house just before I was slaughtered)

Personally, I feel a bit bad being in gold, anticipating making a buck, because if I do, this time, it will mean that the misery index for our precious country will be going up. But I have to get some of the capital I lost via brokerage advice somehow. So I am with you all on the gold train.