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Strategies & Market Trends : Trend Setters and Range Riders -- Ignore unavailable to you. Want to Upgrade?

To: Frederick Langford who wrote (20478)	7/11/2002 10:32:43 PM
From: backman	Read Replies (1) \| Respond to of 26752

fred: i spent much of the day watching HGMCY trade counter to the QQQ's...check the intraday peak on HGMCY around 12 against the intraday low of the QQQ's ...almost like the hedgies were moving thousands of shares in lock-step countertrend trading patterns...qqq down, buy gold...qqq up, sell gold...gotta remember that setup for next time...given the high VIX with the overall weak run in gold last few days, I'm sniffing a short-term bottom...BWDIK....i'm such a perma bear, i probably won't go long anything....just wait for tops, and snip 'em off