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

To: Frank Pembleton who wrote (25672)	1/15/2003 9:56:56 PM
From: jimsioi	Read Replies (3) \| Respond to of 36161

Frank, thks for WHT post & Gallemore on Gold Thanks Frank for posting the additional information on WHT....Still looks good to me even though the markets cummulative judgement was negative. Glad I added some Wednesday though I suspect they'll be an opportunity to get it at an even more attractive price in the next couple of days. Reason??? Take a look at Gallemore's charts... chartingyourfutures.com Gold's trend indicator is headed down; the momentum indication is approaching the zero line. We get a down day tomorrow and that trend indicators will break further and the momentum indicator will go below zero. When that happen the downside tends to accelerate...$340 here we come; the odds are gettin' heavier in favor of such a move. (Better get my daily dose of Bill Murphy, GATA, to shore up my confidence in the "bull".) Has Sinclair said he sold last week at the highs, yet???? Corrections always make me somewhat cynical.....Valuetrader does that qualify. Dollar over 101.60 (cash) is probably the clue to the gold price's direction unless you believe the metal shorts are in a panic....... charts-d.quote.com:443/1018861645530?User=demo&Pswd=demo&DataType=GIF&Symbol=INDEX:DX00Y&Interval=60&Permission=342490&Ht=400&Wd=600&Display=0&Study=&Param1=&Param2=&Param3=&FontSize=10 jims101