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

To: SliderOnTheBlack who wrote (23993)	12/20/2002 6:49:13 PM
From: isopatch	Read Replies (1) \| Respond to of 36161

Another fine post, big guy. Do we have a killer thread here or what?! Best, Iso

To: SliderOnTheBlack who wrote (23993)	12/20/2002 7:16:09 PM
From: gold$10k	Read Replies (1) \| Respond to of 36161

Slider, A terrific post. <<New "Sustained" highs ? - no, not yet imho and that's why this was a profit taking/trading event here on this latest run in Gold vs. a no looking back breakout to significant new highs.>> That's my thought also. After a 28% XAU/HUI move in 10 trading days, it's time for a pullback or at least some sideways action. Also, those commercials need an opportunity to dump their now very sizeable shorts. Just for perspective, here's a close up view of the '93 run. bigcharts.marketwatch.com It looks vertical on a weekly or monthly chart, but there were lots of pullback/resting places. Regards, vt