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

To: jimsioi who wrote (25475)	1/13/2003 5:14:42 PM
From: ItsAllCyclical	Respond to of 36161

Down to 28% gold stocks here, but that's mostly due to RRI's incredible run of late. I did raise a bit more cash today though. It would appear that the war with Iraq may get put off for a bit. Also thinking the market can go higher near term based upon momentum/technical indicators. I'm down to what I would consider a core gold position and looking to buy back aggressively on any decent pullback... or a breakout to 357-360.

To: jimsioi who wrote (25475)	1/13/2003 10:39:34 PM
From: Roebear	Respond to of 36161

Thanks jims101, One additional thing of note, the Bollinger Bands are tightening pretty good and they have been rather predictive of a move (on daily's). Triangles forming on the POG and small H&S on the HUI hourly's. Often these patterns show a move coming soon, frequently a whipsaw down then up (intraday or daily), or less frequently, a whipsaw (often intraday) up then down. Flip a coin for me, ggg, In any case, I agree with Arik's support and resistance levels. Best Regards, Roebear