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

To: Paul Shread who wrote (5598)	12/20/2001 12:32:26 AM
From: isopatch	Read Replies (2) \| Respond to of 36161

Paul. Don't put as much weight on AAII as other measures Just one example: marketpit.com Neither commercials nor specs are at levels consistent with previous important tops. With all the event risks around the globe right now? Sure, we could get a sharp sell off at any time. But as far as an important top? We're just not there yet and there's more rally to come in the major indices, IMO. Now to year end is full of the usual cross currents and noise from a variety of sources that play into the tape this time of year. But my read is for a strong rally in January with some - currently - bargain priced NG stocks among the leaders as some extreme cold weather hits us. Willing to bet Roebear's temperature forecast on that is going to nail it for the 3rd consecutive year.<g> And fwiw, strongly of the opinion that todays slam on gold was another transparent manipulation timed to offset the impact of the horrible trade balance that was reported. But the rally will pick right up as there's plenty of demand out there to bring em back on to the upside. No doubts and no reservations. Long, strong and going higher in the PM stocks. Isopatch