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

To: isopatch who wrote (24970)	1/7/2003 11:21:26 AM
From: Frank Pembleton	Read Replies (2) \| Respond to of 36161

think before bringing the wife or girlfriend You mean I can't bring'em both???? Regards, Frank P.

To: isopatch who wrote (24970)	1/7/2003 2:49:24 PM
From: Arik T.G.	Read Replies (2) \| Respond to of 36161

Periodical comment S&P ST trend - up, extremely overbought, correction is due, and may have just started 30 minutes ago. IT trend - up, targeting 960ish LT trend - still down I guess. I expect this move about to be completed to be 1 of a diminishing 5er (3 shorter then 1, 5 shorter then 3), and the entire move to 960 area to be the second leg up in an ABC correction, and once this is completed the down trend should resume in full force and make new lows. So in the next few days I expect a correction to 900-908, then two smaller legs up and a top for the next 9 months, that should arrive within the next two weeks. Then down again, with the BKX leading the pack. Gold 357 is a strong resistance but my IT target is still 371-372 We may visit 339 before the next bounce. USD Kaput. It's trying a correction to the last move down and all it can achieve is a sideways motion. Overall it is quite fascinating how the stock market is persisting on completing its correction in the face of a collapsing Dollar. But IMO the strong down trend in the Dollar will soon sweep the stock market off its feet. ATG