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

To: longdong_63 who wrote (25579)	1/14/2003 5:27:31 PM
From: nspolar	Respond to of 36161

ld, I'm sure what exactly to think. The indices sure moved down a lot for not that much action in POG. A hit for me gets much more serious if Drooy and BGO break support, because I'm overweight more than a tad in both. So I'm not too shook up over today. Both imo held nicely. It appears a little more down in the indices is possible before at a minimum a technical rebound. POG still seems to be holding in here and this is what is probably more important. Gen markets look to be in a toppy and very precarious situation to my eye. INTC after hours news did not appear to be good, mainly from CAPEX angle. Usually one would want to hold PM's, when they start down. Main thing imo is to remember the long term trends in motion here. Don't see fundamental reasons to think they should suddenly reverse course. AND if the market is in a precarious position (which I think it is) we could be witnessing some serious PPT action here. If the market starts down it could go a long ways, and I would suspect they know that. Not much help but about all I have.