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

To: gold$10k who wrote (23913)12/19/2002 5:24:40 PM
From: Little Joe  Read Replies (3) | Respond to of 36161
 
valutrader:

You are right that a correction is a coming, but I think this time we may find that it will be a correction not a collapse. As you know, I have been very skeptical of the recent advance, but nowthe chart has cleared an awful lot of resistance, and having done so, I think that is good for the long term. I think the breakout of the CRB to new highs, decline of the dollar and the realization that the world is soon to be awash in funny money will drive the market. Of course, given my recent track record, you'd be crazy to listen to me.

Little joe



To: gold$10k who wrote (23913)12/19/2002 6:17:52 PM
From: loantech  Read Replies (1) | Respond to of 36161
 
vt,
One thing about the market is that it always surprises. All the TA guys were calling for a sell off the last prior several weeks and we just got one of the biggest rises in quite some time.

There is always change. Be ready for surprises. Remember the nasdaq frothiness that lasted for several years. I like all the people that have already missed this move. <g>
Tom


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