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To: marginmike who wrote (78199)	8/1/2003 2:49:28 PM
From: Henry J Costanzo	Respond to of 209892

<<Just another stooopit observation.>> .........but as good as any other I've seen lately...g. BTW, re AA's SOX up-tell. the only green today in any of the dozen or so indexes I follow are all semi related.....SOX. SMH. and GSM.......and now also in the high- tech MSH EDIT........and BKX still getting clobbered..

To: marginmike who wrote (78199)	8/1/2003 2:54:24 PM
From: SwampDogg	Read Replies (2) \| Respond to of 209892

IMO the move in gold today shows a sick overall market and any big move should be down.The $HUI looks like it may spike higher. This market will have a tough time with the $BKX looking like it does. Stopped out yesterday but short again today on some techs and financials.

To: marginmike who wrote (78199)	8/1/2003 3:37:54 PM
From: bcrafty	Read Replies (3) \| Respond to of 209892

mike, I liked your observation and it is something nobody else has brought up, either. The recent consolidations and the VIX rise after reaching 20 have many bears starting to drool, but not many have explained the recent moves in gold and/or TNX. We haven't heard much from you the past few months; stop in more often and tell us what your hedge fund friends are up to now.

To: marginmike who wrote (78199)	8/1/2003 4:09:29 PM
From: AllansAlias	Read Replies (4) \| Respond to of 209892

Thanks mm. Not stupid at all imho. I think your "feel/tape" observation is right on. Something's brewin' hard under price.

To: marginmike who wrote (78199)	8/1/2003 4:13:39 PM
From: Jerry Olson	Read Replies (4) \| Respond to of 209892

interesting thoughts why the plunge in gold futures??? very surprised as they rallied up and thru heavy R at the BRL line on P&F??? strange

To: marginmike who wrote (78199)	8/1/2003 4:14:38 PM
From: yard_man	Read Replies (1) \| Respond to of 209892

>>I will say on the bull side is BIG down days in gold like today usially preface a BIG up move within 1-2 trading days. Just another stooopit observation. << did you notice the miner selloff -- kind of muted for the whacking gold got?? what do you make of that?