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

To: longdong_63 who wrote (21160)	11/1/2002 2:25:08 PM
From: nspolar	Read Replies (1) \| Respond to of 36161

It is getting close. Real close. The SOX is driving the crap out of the NAZ and that is what this rally is all about imo. It got way oversold, technically. Getting frothy here and if some luck is involved it could approach 400 imo. But I expect a tough correction before it goes much higher. RE this I don't understand why the markets are expecting a rate cut. Something stinks here. Stocks Up as Wall St Looks to 4th Quarter ["Investors went ahead with the buying wave we've seen in the last three weeks," said David Straus, senior portfolio manager for Johnston Lemon Asset Management. "In addition, the Fed will probably cut and that's a positive for equities in that it aids (news - web sites) in the economic recovery." ] story.news.yahoo.com I think crusty may be on to something. The smart money knows AG won't cut and that is why gold is lethargic. A cut won't do shit for more than a few days and AG knows that.