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

To: isopatch who wrote (5161)12/11/2001 3:23:51 PM
From: ldo79  Read Replies (1) | Respond to of 36161
 
Anybody want to venture a guess in what has caused this minor hiccup in the Dow in the last few minutes. Unless my QT is wrong, we've experienced some turbulence.

Regards,
ldo79



To: isopatch who wrote (5161)12/11/2001 3:29:39 PM
From: Paul Shread  Read Replies (1) | Respond to of 36161
 
Iso,

>>Maybe the street will roll out the radio city robot bull chorus line of cheerleaders.<<

AJC was thrusting her pom-poms last night. The most astonishing, jaw-dropping thing is how brazenly transparent it is: every time she shows up, there's a big GS-managed IPO coming down the pike (PRU this time). UFB.

Dow and SPX tested broken support (10,000 and 1150) and turned right back down. Blew a golden shorting opp. Grrr.

Here's to gold and domestic security stocks...

Best,

Paul



To: isopatch who wrote (5161)12/11/2001 3:43:05 PM
From: Crimson Ghost  Read Replies (1) | Respond to of 36161
 
For a change I am more bullish on gold than you. Gold and gold stocks have tended to move inversely to the stock market of late and I see a big drop in stocks coming up very shortly. I note that bonds hardly rallied today despite FOMC.

I still am not nearly as bearish as Slider, but I do see the Dow dropping to the 9000 area before long. That ought to be good for at least a 10% rally in the gold indexes.


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