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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: chowder who wrote (13802)10/9/2002 5:48:48 PM
From: Sharp_End_Of_Drill  Respond to of 206359
 
Dabum, I think the OSX pops short term when the shooting starts - and then gets a 30 to 50% haircut when the shooting stops.

OSX 45 would be just dandy with me.

That's the bear view. The bull view is energy is showing strength that indicates it will be the next market leader, and it's 'pow, to the moon Alice!'.

I think the bear is winning the brawl for now, producers are basing their budgets on the economy - not the price of oil. Until that changes we're in the doldrums.

Sharp



To: chowder who wrote (13802)10/9/2002 9:41:46 PM
From: energyplay  Read Replies (1) | Respond to of 206359
 
OSX bouncing off support - One TA thing I learned was the more times it bounces, the more likley to break thru.

I expect every sector (except gold) to get creamed below support - Look at bank stocks. Utilities. These aren't dot com stocks, or high fliers.

I think having more in cash or in a bear fund (especailly on that's the inverse of the S&P, like RYURX)
is a good idea.

I may have bought too early wtih TE (TECO).


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