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

To: Roebear who wrote (22294)	11/24/2002 9:11:27 PM
From: Louis V. Lambrecht	Read Replies (1) \| Respond to of 36161

ns and roe - have been wondering too. Sudden drops followed by a sudden correction are no coincidences. Not in a market. The date is somewhat odd also: close to the end of the month (London options expiration, then Nov 27 as first notice for the Dec futures on the COMEX). Could be that the traders have left for the Hamptons, taking the rest of the month free. Will be watching the volumes for this shortened week. Should be bullish as, if I am correct about most of the traders gone buying the turkeys. We probably will need T-Day to pass to know which way the probe goes. No doubt in my mind (stoopid gold bug maybe) on a few weeks to a few months: IMHO the Dollar is weak without an intervention. Actually, I am more bearish the Dollar than bullish gold. Did some charting this weekend and came up with these: Targets Short term Middle term Longer term Dollar Index (DXY) 103 93.5 Dollar for one Euro 1.035 1.0832 1.2 Gold in USD/oz. 352 376 396 Gold in EUR/oz. 310 342 lvlamb.itgo.com