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

To: Crimson Ghost who wrote (25768)	1/16/2003 3:24:22 PM
From: nspolar	Read Replies (2) \| Respond to of 36161

George, all fun aside I agree. I think the next few days are real important here for PM's. If gold busts 360 and then 370 the indices should go nuts. The key thing will be to look for the next retrace low and where that winds up. But what I smell going on is positive, very positive for a large move. I have not sensed or interpreted any large scale selling either, during the downdrafts. So if it is up we go, the selling should really dry up and we should find out what mo mo is all about. I've been very bearish gen markets for some days and continue poot shopping. Maybe I'm going overboard, but so far I see no reason to change tactics. It looks to me they (gen markets) have definitely started a long ride down, that to my eye looks more than likely to be deep. And during the initial phases of that PM's should go up and/or should not correct hard. Purchased GE Jan-04's 20's and 15's this morning. Per my analysis they are a decent deal. May even buy some 25's. However, spreading it around.