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


To: Terry Whitman who wrote (25802)12/10/2001 10:25:24 AM
From: Terry Whitman  Read Replies (1) | Respond to of 52237
 
Had a brief look at the XAU this morning, and want to note that caution is warranted. We've got an established downtrend now- a series of lower highs and lower lows for the past few months. I will want to make sure that the next low is a HIGHER one from the previous one before making any big commitments there. Also a bearish 50/200 dma x-over going on now. Not a real reliable indicator, but one that indicates a large downside risk.
quote.yahoo.com^XAU&d=c&k=c2&p=m50,m200

Tech trash appears to be king for now.



To: Terry Whitman who wrote (25802)12/11/2001 11:23:28 PM
From: isopatch  Read Replies (2) | Respond to of 52237
 
Terry. Am still a little cautious on the energy stocks

But we may getting very close to a cold weather rally in the NG stocks. I might go with a few of the good small explorers that are unhedged. That was can forget any direct exposure to further fallout from the Enron fiasco.
Not sure which ones yet. But will post my buys.

GLG is the leader among the golds right now and my largest position. Almost as much in GG which had a nice close today. May or may not be a problem. But some of us have been a little gun shy about MDG. A very large amount of insider selling there. So I'm probably going to add to my 1/2 position in AEM instead.

FWIW, dip in NEM PR looks to me like a gift to those without a position or looking to add. The break down from it's ST top today counts to 43 1/2 - 44. But haven't had time to look at other chart factors or indicators so you may have a better read on support levels than I do.

Nice trade on DIA.

Cheers,

Isopatch