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

To: Arik T.G. who wrote (19000)	9/17/2002 10:37:15 AM
From: yard_man	Respond to of 36161

nice entry ...

To: Arik T.G. who wrote (19000)	9/17/2002 2:17:13 PM
From: Arik T.G.	Read Replies (2) \| Respond to of 36161

Gold update The Dec contract had two small bodies in the last two days. If you look at bodies only you can see the stron resistance last month @ 316.0 and lately a strong support @ 318. Dec Gold already faked 4 times in the last 5 sessions below 318 but failed to close below the support. With the two small bodies a positive close tomorrow should be considered a ST reversal up. NDX Looks like the LT trend down is ripe and a new low should be bought (!) my guess is around 800-825 early October. Anyway this is NOT the index to short. If you wanna short - short the S&P. IT and ST weakness continues but I look to see some bottoming action in the coming weeks. ATG