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Strategies & Market Trends : Moufassa's Lair -- Ignore unavailable to you. Want to Upgrade?

To: moufassa7 who wrote (12369)	3/28/2003 7:29:44 PM
From: James C. Mc Gowan	Read Replies (1) \| Respond to of 13660

XAU: must have been the SSB downgrade on Gold miners yesterday,gggggg. Up close to 8% on HUI/XAU today. Gotta love those brokers. BTW: the bounce today does not necessarily signal the bottom for Gold miners, so I'll play it close. We need a close on $HUI of about 125/126 to confirm a breakout for me. James

To: moufassa7 who wrote (12369)	3/28/2003 9:38:50 PM
From: KevinThompson	Read Replies (2) \| Respond to of 13660

No problem Moufassa. I was thinking we were making points from the same side here; so I was a little surprised to see that comment posted to me. Sometimes its difficult to communicate via e-mail and posted messages without being 'misconscrewed'. If you know what I mean. On another topic, I see the PPT is still hard at work, makin' those indexes hang in there while the war is on. Man oh man, what a debt this is going to be to manage. I don't know if you follow index futures, but there were a couple times today that big multi-day descending triangle on ES hourly should have broken through. But it was saved. Watching the QQQ also. Every time we got a good down-draft, some unknown buyer comes out of nowhere into the pit and starts buying those Naz100 futures. Likely the same for the DOW as well, but I wasn't following it today. Looks like a floor is still being held in place, for now. But sooner or later it just might become too big to handle. Then we'll all wish they'd have just let the market alone and take it's natural course. Best Regards, KevinT