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

To: yard_man who wrote (24094)	12/23/2002 12:42:42 PM
From: Arik T.G.	Read Replies (2) \| Respond to of 36161

I don't believe we're going to visit 330 or lower either. But this ST correction may not be over yet, and could carry us close to 330 from above. Heck, the 13 dma is in the low 330s and we should kiss it before making another leg. However this down move from the 356 spike is a ST correction to extreme overbought condition. Yes there is a strong uptrend at work here but IMO still there should be some negative correlation with the USD so the next leg up should wait until the USD completes its correction. ATG