Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: yard_man who wrote (26776)	1/27/2003 1:56:04 PM
From: Arik T.G.	Read Replies (3) \| Respond to of 36161

Hi tippet, Gold sure made my target (371-373) and printed a 373.7 high in the front contract today. Also Euro had a nice long legged Doji today after it capitulated up from the 20 days channel. A correction in both is imminent. The stock market looks awful but still IMO needs a correction at least to the broken 870 SPX. Be careful going long cause the trend is fast down and nobody wants to stand in the way of this stampede. I'm counting a completed 5er from the October low in Gold (310) and the fib targets start with 359, then 349 and then 334 (unlikely). Again, the deeper the correction, the bigger the next move up will be. LT up trend is in full force. There would need to be at least two more IT drives up to make a significant top. When POG next makes a new high after the correction it would be time for a blow off phase. I have to see how the correction unfolds to guess the next move. ATG