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Strategies & Market Trends : Guidance and Visibility -- Ignore unavailable to you. Want to Upgrade?

To: SirRealist who wrote (77331)	10/11/2002 2:49:40 PM
From: westpacific	Read Replies (1) \| Respond to of 208838

Another reason I do not trust this market KEV, gold should not be green here!!!!! Gold the metal was just hammered today - the stocks should be DOWN!!!!

To: SirRealist who wrote (77331)	10/11/2002 3:00:17 PM
From: stevenallen	Read Replies (1) \| Respond to of 208838

<It's weird that gold is up today too.> Yep, and silver as well. As a newbie to the metals, I can't make heads or tails out their relationship to the major indexes. Sold PAAS way too early today, made a decent 15% but left waaaay too much for the next guy. So it goes

To: SirRealist who wrote (77331)	10/11/2002 3:09:56 PM
From: SirRealist	Respond to of 208838

Not trading DIA. The COMP just broke a 10% run off yesterday's bottom before reversing. There's a 2 day resistance point at 1221 and 1222, so that (1222.29) has to break today to give the rally further legs. So far, I've seen plenty of oversold stocks run 50% off closing lows, esp those near earnings. Others that are not 80-90% off this year's highs, like INTC and MSFT and other bigs, report next week, starting Tuesday.... suggesting they may have downside left in them. So have we peaked for a bit? Possibly. Either we get a big selloff next week to new lows, or we simply dip a bit, as occurs off most bottoms. 1198 and 1170 represent the next 2 support points today or at tomorrow's open, based on a channel from the twin COMP bottoms of the past 4 days. Btw, I think JCOM just hit its high of the year.... but that's just a guess. Off its Sept 1 closing low, it just hit 50% up today, so it should settle back, at least...