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

To: nspolar who wrote (10518)	4/8/2002 10:56:46 AM
From: nspolar	Read Replies (2) \| Respond to of 36161

The PM action is rather disappointing, my opinion. With all the ME unrest and market instability, it would seem the action would be a little better. Plus the COT comm shorts are troublesome, in their own right, even if they aren't the indicator they used to be. Look at this, and notice what the XAU did last Aug/Sept/Oct. Any clues, anyone? Deja vue all over? XAU 67.5 (approx) is a key level in my opinion. If it doesn't hold, I think I'm gonna have to take a bunch of gains and lighten the load, by a real serious amount. If it does hold we should get another push up. finance.yahoo.com

To: nspolar who wrote (10518)	4/8/2002 11:34:59 AM
From: Charles Macdonald	Read Replies (1) \| Respond to of 36161

Nspolar, Short IBM also. Think we may see a slight bounce from the current low, but still expect a slide lower over the next few weeks/months. Initial target around 72. Will start thinking about covering around 75-77. IMO, IBM not willing to get as creative with the numbers this QTR as they have in the past.