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

To: isopatch who wrote (15593)	7/11/2002 3:44:16 PM
From: nspolar	Read Replies (3) \| Respond to of 36161

AAAHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH! Tech. Tech. Tech. It feels so good. Keep it ramping boys. (one of these days you guys will get to ream me, but doesn't look like today!)

To: isopatch who wrote (15593)	7/12/2002 10:50:41 AM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 36161

Iso - agreed on the USD bounce. Nice chart...double bottom @ 105 - you can see where they're holding the line here (for now). The "MANAGED DESCENT" of the USD is the game going forward. A accelerated collapse WILL NOT be allowed... we should "ANTICIPATE" a continued descent of the dollar - just that it will be a managed (read manipulated) slow descent... as in reality; it should be. I think sometimes those of us who have been Goldbuggers & Bears can almost get a false sense of negative momenteum due to an overdose of fear and broad negative economic & market sentiment that these threads and the media of late have supported. I think this gives us both a false sense of confidence, as well as occassionally enforcing a mindset of staying too negative for too long. When trends become firmly established over a long period of time - be it an extended bullish Oil & Gas Cycle, a Gold/PM run, or the now multi-year BEAR market... we tend to become to psychologically & emotionally entrenched into one mindset, into one market, or sector direction....and its hard to change gears, or to turn on a dime - even if it's just for a nice countertrend rally. The tops usually end sooner than we think; as do the bottoms. I'd guess that the vast majority of Bears will ultimately stay bearish too long and the bulls will probably finally throw in the towel at the bottom as well. The sentiment here was extreme and the VIX endorsed at the very least - initial entry points on some sectors. I used it to enter the airlines on a speculative play, the drugs and Utilities for a longeterm value oriented play and am still holding my "Rogue Wave Event" hedge of 15% Gold/Silver stocks + 3% physical. Fwiw now: 20% long - broadmarket; drugs, utilities, airline 15% long - gold/silver stocks 10% short - consumer CC/Finance, homebuilders, some tech 3% long - physical silver/gold 42% CASH - waiting for either an event driven MOABO, or another 10-15% entry at a breach of DOW 8000, the OSX sub 72, HUI stocks on a breakout thru 150 etc. ...this is a fascinating market - I know it's tough times financially for the retail brokers and has to be a pressure cooker for fund managers....but, I'd almost "pay" to be in this business here...adrenalin levels have to be higher than the VIX and careers were made, or broken on macro calls over the last couple years and will continue to be over the next couple of months as well...