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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: hdrjr who wrote (17495)	1/28/2003 8:16:38 AM
From: chowder	Read Replies (2) \| Respond to of 206207

>>> Any comments on OSX breaking below 80? OSX hit a 61.8% retrace today. <<< The OSX gapped down at the open yesterday. When you see downside gaps, you're looking at incredible weakness. Selling volume was on the rise. It looks like institutions are lightening up on their positions. We may see a short term bounce in the next day or two, but until we have some visibility into the Iraq situation, I don't see enough new buying coming into the markets or this sector to sustain a supportable rally. I'm on the sidelines and in no hurry to jump back in yet. Any rally in the next day or two should be used to raise some cash, in my opinion. Uncertainty is never good for the market and we certainly have lots of that at this time. dabum

To: hdrjr who wrote (17495)	1/28/2003 10:09:16 AM
From: CapitalistHogg™	Read Replies (2) \| Respond to of 206207

<Any comments on OSX breaking below 80? OSX hit a 61.8% retrace today> I have been bullish on this sector but I officially gave up on the OSX.X yesterday-until the bombs drop I won't be buying. I think that institutions are waiting for the same thing (war) which is why we have not seen a bigger jump in OSX, they don't want to be caught long when the price dumps. It could also be the overall market holding it back. Whatever it is the TA to me looks terrible and I have had it.