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


To: ItsAllCyclical who wrote (21377)11/6/2002 10:16:35 AM
From: SOROS  Respond to of 36161
 
What dividends?

I remain,

SOROS



To: ItsAllCyclical who wrote (21377)11/6/2002 11:38:21 AM
From: Roebear  Read Replies (3) | Respond to of 36161
 
ItsAllCyclical and all,

The election results are unique. I believe there have been precious few, if any, midterm elections in the history of US where the President's party increased seats in Congress during a sizable recession, won the Senate and most of governors races as well.

I'm not quite sure what those election results mean besides what has been already mentioned here this morning, but I'll stumble right from that right into my present market position.

Heavily in PM stocks here as November is my target month for start of next leg of gold bull, based on proprietary fractal and *fibb/ew time sequence work. A few of you had some hints about this via private messages, but I was not going to subject the thread to a technique I won't show details on (for now). Am confident enough to mention it and any who wish to explore the charts with the above hints are welcome to it, now that I am almost tapped out and in full positions, ggg.

Quite likely we will have some headfakes down and a lot of daily noise, but with a view of the weekly and monthly charts (try 5 year and 10 year ranges) the trend is obvious beyond dispute to any chart technician, with just standard support/resistance and pattern work. Manipulations, from whatever source, create too much noise on the dailies and shorter term charts, but the moves cannot be hidden on the longer term charts.

Also I have one tech/defense stock.

What is left will be reserved for daytrading and energy at the proper time, but I also will draining some more out of LT non stock funds for more leverage in what I believe will be a grand run in precious metals and also energy (EDIT, later).

I am also transitioning right here and now, from mostly short term trades to mostly intermediate with some LT investing.

Best Regards,

Roebear



To: ItsAllCyclical who wrote (21377)11/6/2002 1:26:31 PM
From: Crimson Ghost  Respond to of 36161
 
The market has already discounted or mostly discounted the possible elimination of double divident taxation IMHO.



To: ItsAllCyclical who wrote (21377)11/6/2002 1:31:01 PM
From: Crimson Ghost  Read Replies (1) | Respond to of 36161
 
I am still cautious on gold near-term, although the action today is better than I expected. To wit, I cannot remember a time when POG or gold stocks EVER rallied strongly in the immediate aftermath of an FOMC meeting -- no matter what the decision.