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

To: mishedlo who wrote (33585)	11/13/2003 1:08:33 AM
From: nspolar	Respond to of 36161

I'll explain more tomorrow, more subjective than objective, and based primarily on DPoint indicators. There could be another pop here mish but right now I think that first wave down off the top was impulsive, this up today corrective. I think we know soon, very soon. Guys like Zeev afa I know are bullish for another run after this dip. I dunno. I think we have to see how much damage this dip does. I can not see how the criminals in charge want a continuation of up right here, or will allow that. A continued up imo will turn into a dump in time to ruin the election. They need a semi hard down to take off the froth and more, and need a good bottom from which to rally from later on next year. Petch is not perfect but makes a lot of sense here. I believe on the S & P he made a mistake and meant to say a bottom around March 2004, followed by another huge blow-off blast. Lots of op to make money if one can get a good piece of each swing. VIX/VIXN BB bands look to me like they are preparing for a move also, and not more up in the markets. gold-eagle.com I certainly need more convincing to go deeper short as well. But right now if I was forced to make one IT (one yr min) move, I would dump all my HUI for USPIX/URPSX and not worry a whole lot about it. This market is going to crap all over the place at some point, you know as well as I. Timing the little bugger is a challenge however.

To: mishedlo who wrote (33585)	11/13/2003 6:07:21 AM
From: jrhana	Read Replies (1) \| Respond to of 36161

<stocks rally anyway out of the blue today> Stocks have been going up for months despite all the salivating short sellers who have had their rear ends handed to them. Who knows when it will end? Maybe today but it could last another year or more. The same liquidity that is driving the POG is also driving the general equity markets. Short at your own risk and do not come crying if it does not work out. My advice (FWIW) is wait until there is an established down trend then short if you must.