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

To: isopatch who wrote (26809)	1/27/2003 4:04:24 PM
From: ItsAllCyclical	Read Replies (2) \| Respond to of 36161

Eventually even I have to listen to the tape. Market broke important technical levels, but gold still not responding. VIX indicates that at least near term an oversold bounce is coming in the broad market and gold looks very vulnerable perched at 370. I may be buying back positions if we dip back to 360 gold again or we breakout. All depends. About 20% cash here and it feels pretty good. Low by some standards, but high by mine. Absolutely disgusted w/gold action, but until we get more people believing that gold is not simplying rallying due to Iraq there's no use fighting the tape.