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To: Shack who wrote (62381)	12/30/2002 8:06:13 PM
From: NOW	Respond to of 209892

a bounce in the dow to the top of the channel would make a nice begining of a right shoulder at 8500...

To: Shack who wrote (62381)	12/30/2002 9:04:01 PM
From: At_The_Ask	Read Replies (1) \| Respond to of 209892

photos.yahoo.com This seems reasonable to me. It meshes well with the long term support at dxy 100 that I've mentioned before. Not to mention the resistance at gold 350-60ish. When the buck bounces I anticipate that we will get the final leg of the oct rally. If this plays out I wouldn't want to be in bearx. A long tech-short hui pared trade would probably be the ticket. BTW I'm amazed at the chest pounding from the gold bugs as hui has been consolidating for 8 months and despite gold making impressive new highs the hui hasn't even surpassed the highs of june. Nobody was talking trash in nov at the lows so I assume they weren't in? Either the shares are lagging or they are anticipating a correction. I tend to believe in the latter. If you look at the move on spx from the 19th to the 26th that is a perfect mininature of the rally from the oct lows and I anticipate a c type up move similar to what happened on the 26th to cap this rally. I also expect a nasty down afterward as occured also. I guess it's possible that we already had the final up that culminated on dec 2nd but I think the following down is corrective and one last impulse up is in order. I'm not long for it yet but am watching closely.