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


To: Paul Shread who wrote (29096)2/1/2002 4:49:15 PM
From: Louis V. Lambrecht  Read Replies (1) | Respond to of 52237
 
OK - see a resistance @82-85. Also accept your 95 as most probable target.
Though my optimism is tempered by the Dollar strenght (I expect to be that way through the first qr.).
Also by PoG @292 and $300 former resistances.
Also, end of the earnings annoucemens by he South African miners.

Next shakeout will, IMHO, happen by Jun 1st, when both silver and gold futures contracts will be deliverable.

In the meantime, anything can happen: up or down. PMs are more exiting than the techs in the years of the bubble. <vbg>

My current scenario calls for a PoG of $300 by end of May, then a spike as last December +10% (above $325 stop loss price set by the "cartel"). Then some regulatory problems in the futures industry. <g> Don't expect them to bail out as easily as usual this time.
Sweat dreams.



To: Paul Shread who wrote (29096)2/1/2002 10:48:49 PM
From: Terry Whitman  Read Replies (2) | Respond to of 52237
 
Chart handicap on XAU index:

siliconinvestor.com

Very Bullish trend. Top of trend channel. Gap up (air) directly below. Possible island reversal. I would expect a ST top, possibly an IT top within days- and there's a decent chance it's already in. Either that, or it becomes a runaway market- which I would handicap at about 10-1 odds.

LT- probably will still be in a bullish cycle after correction.

When the high 5's are flyin', you'll be a cryin' if you hold too long. <g>

Have a good weekend!