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

To: nspolar who wrote (16922)	8/6/2002 1:57:41 AM
From: Paul Shread	Read Replies (1) \| Respond to of 36161

nspolar, The implication, if I understand your post correctly, is that the lows may not yet be in for gold and gold stocks, and this has all been a bear market rally for gold. Enjoy fishing. Paul

To: nspolar who wrote (16922)	8/6/2002 8:17:48 AM
From: Louis V. Lambrecht	Respond to of 36161

ns - didn't dared to post a number on my XAU target. Agree with yours. When looking at patterns, I can draw some from mid-May. IMHO invalid now. A falling wedge, which should be bullish.A H&Sh, with target met end of July. (horiz neckline 74) Adam and Eve (inverted cup n' handle) through highs of June. measure of which is 16-17 pts below neckline (lows Jun, Jul, yesterday open). Quite a few resistance lines above. I prefer to wait until negated or prives basing.