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Strategies & Market Trends : Dave Gore's Trades That Make Sense -- Ignore unavailable to you. Want to Upgrade?

To: Dave Gore who wrote (9453)	7/12/2002 10:03:49 AM
From: Dave Gore	Read Replies (1) \| Respond to of 16631

HEAD and SHOULDERS ON S&P500 - Collapse to 300? No way, of course. T/A, while useful, must be tempered by fundamental news, Market sentiment (fear, mistrust), and indiscriminate buy-sell programs, as I said yesterday. I don't become too dependent on T/A but use it with other indicators. Also stochastics readings are a big part of it. If you guys don't know about this site, you should raptorgroupresearch.com Raptor - "The expanded weekly here shows a very ominous head and shoulders pattern that has developed with support at the neckline near 923. A move below this projects to a very frightening 300, thus the 923 level MUST hold. Note however, that we have not had capitulation volume above the Sept low though as we continue to fall." He also says that a move above 980 is needed on the S&P to break out of the downtrend.

To: Dave Gore who wrote (9453)	7/12/2002 10:13:39 AM
From: The Vet	Read Replies (1) \| Respond to of 16631

Harmony had an earthquake this morning at one mine that killed a couple of workers and closed one shaft. Overall the production drop will only be a minor reduction in the next quarter. I expected a slight pullback, but the POG is still strong (but controlled - it's options expiry day for gold) so HGMCY will be volatile but unlikely to move far unless the boyz try another last minute attack on the POG between 1pm and 1:30pm like they did a few weeks ago. Watch for it. It is tradable if it happens.