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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: Jack of All Trades who wrote (77538)	7/17/2003 1:50:52 PM
From: Louis V. Lambrecht	Read Replies (1) \| Respond to of 209892

I don't think we are headed straight down either. Peak open interest in the options for August are not far different from July's. I still see the qubes expiring near $30.75 on both months. OTOH, half of the 4 month cycle (relatively frequent on gold lately) is due around the month change (bottom) Indexes and gold do not necessarely move in sync or in opposition. But I expect an indexes down leg and a gold upleg in early August. Gold sooner than the indexes. This is a month away, many can happen. And still have a lower low on the indexes in this Fall, and a new high on gold early next year. Hard to trade and not be creamed.<ng>