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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: Little Joe who wrote (5645)	12/2/2002 9:08:12 PM
From: Claude Cormier	Read Replies (1) \| Respond to of 39344

<. 75% of formations are continuation patterns and 25% are reversal patterns. > And I know that the contracting triangle is usually part of the first group. Alone by itself, the chart may not speak that much. But taken with both the chart of gold and the key reversal day in the US dollar index, I think we can be hope for a break in the good direction. As usual time will tell. <I have a few puts and since I think today is a high probability of the high for this move. I am looking for other put situations.> You are talking US equities here. I agree. Plenty of key reversal days. I am also starting to buy puts. The Jan 80 on EXPE and the Jan 95 on IBM were my first purchase today. But honestly, I hope to make much more money on going long the golds.

To: Little Joe who wrote (5645)	12/2/2002 9:46:50 PM
From: loantech	Read Replies (1) \| Respond to of 39344

lj, <I am looking at WFC now> I think this would be a bad short, why? 1.I worked for them for 10 years and they are smart on squeezing a profit. 2.On an arms length basis many years ago I knew the major stock holders of Wells in a relative small but wealthy community. The matriarchs of Wells are very very smart and an old California moneyed family. Good luck out smarting them Joe. Something a lot of people forget is the same people I know at an arms length, were responsible for the big market sells starting the 87 crash. You want a similar short stick to Bank of America. I am willing to bet a pizza on this joe and pizza is one of my favorite foods. LOL. Good luck, Tom