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

To: isopatch who wrote (18919)	9/16/2002 4:01:10 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 36161

what do you make of the strange US$ gap in last couple days? I am at a loss who trades currencies on Sunday? I have never seen a glitch in INO.COM before quotes.ino.com tx, Jim

To: isopatch who wrote (18919)	9/17/2002 9:31:29 AM
From: Arik T.G.	Read Replies (2) \| Respond to of 36161

Thx, Isopatch, Futures went through the roof with news of Iraq allowing for more UN inspection. IMO sell the news, 903-907 S&P is resistance that should hold. holding 917 and higher for over 30 minutes in the main session should be stop buy. Sold short the e-mini at 914.75 this am. Gold LT trend - up IT trend - up? ST trend - down LT- There is no doubt in my mind that the LT trend is up, but that isn't worth much cause the last clear important support is at 272. 299 is the next candidate for higher low in the LT up trend but isn't proven yet. IT- I'm inclined to see the 330-300 down move as completed IT correction, although it could be interperted as A (1st leg) of correction with 283 target for C (2nd leg). The only clear indication that the correction is over would be a new high so this is no help. ST- Depends much on the IT. If the move from 7/26 was counter trend then it's over and the move from 9/9 is with the IT trend. OTOH, and IMO this is the better interpertation, if the IT trend is up then the counter trend move from 9/9 is ripe and should be over soon. Conclusion- A move to the highs will confirm the uptrend is in full force and could start a chain reaction. ATG