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

To: jimsioi who wrote (19755)	10/3/2002 6:43:35 AM
From: jimsioi	Respond to of 36161

One view on the HUI Most recent quotes are under the downtrend line extending from early September. Despite all the advertisement that September was a strong seasonal for Gold, the HUI was actually lower at its close than where it began. Perhaps October is about to pull a similar shift of profile but there are not indications of such yet. DMI indicator is getting more bearish, RSI STOS CCI are still negative. The Ultimate now under 50 did make a little curl up which in and of itself is not highly indicative. Moving back over 50 on that indicator would be. Such an improvement will be accompanied by confirming turns in the other indicators to at least less negative states. At the present time its pretty obvious to conclude the miners and gold are in a negative trend, particularly miners whose rallies can't hold. As a result by extension an approach of the 200 day moving average on the HUI (110+)) would seem probable to occur when stocks generally make a temporary October bottom later in the month. There's a certain barely holding it together taking place in general equities and the dollar that is discouraging some miner holders. It seems time best to be patient. This sideways action since May has a tremendous resolution possibility to the upside, should it occur. Picking the right spots, buying weakness rather than strength is the immediate challenge. Ideally we'll see the HUI work lower while the indicators get based out. Optimum buy for me will then be when price reaccelerates to the upside, turning with it all the indicators. stockcharts.com[h,a]dbcayiay[dc][pc50!c200!c20!c13!f][vc60][iut!Ul14!Uya7,14,28!Uh14,3!Lb14!Lh14,3!Ll14!Ld20!Lya7,14,28]&pref=G jims101

To: jimsioi who wrote (19755)	10/4/2002 4:50:15 PM
From: isopatch	Respond to of 36161

Hi Jims. <a good time to keep the sound off on CNBC as they exhort their listeners to believe each rally on the way to lower levels> Exactly!! In fact? If you ask MOI?!<g> It's...ALWAYS a good time to suff the sock drawer into the maw of that C(aka corrupt & cacophonous)NBC cheer leader megaphone for the perpetual pumpty dumpty parade W.S. has devolved into!! If Harvey Pitt wants to make himself useful beyond releasing PR statements? He ought to ask Eliot Spitzer - the only regulator who's done anything other than spout BS about cleaning up the avalanche of sewage sludge that's buried W.S. to.... Come to think of it? There's a snowballs chance in hell of Harvey doing anything.<G> So..... HEY ELIOT! Listen up, my man. Get ahold of bank, brokerage & other personal and financial records of CNBC decision makers from the ground level all the way up to top management. And if it leads higher into the GE hierarchy? Keep right on truckin'. Let's stuff that big snake chock fulla ex lax and turn on the turbo fan.<lol> I'll bet dimes for dollars you'll find one or more of a myriad of questionable "perks" that have become the currency of control, influence, and corruption in the financial community, for years. Isopatch