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

To: nspolar who wrote (33680)	11/16/2003 6:04:16 PM
From: Bert	Read Replies (2) \| Respond to of 36161

nspolar, Thanks for the reply. I am in agreement re: the quick DOW down scenario..looking at the charts, I think that it will be a longer term process, but that 6K will be hit, and perhaps lower. It looks like the USPIX and VIX are close here, but perhaps will need a couple of months to work there way to the zero line, but in an uptrend. I don't know at this time, but the next week's action will put things in a better light, as time usually does. The trajectory and velocity of the rise off the bottom is the unknown...the bottom being more of a known IMO re: USPIX/VIX. Meanwhile, looks like gold will rally nicely here, and I think Ackerman's take of a 415 pivot high doable, and even think it could take out the 418.40 mark before retreating and consolidating. Who knows at this point, the middle of the month is generally vapor land for me re: IT TA...need another week+ before seeing the next move. I like the charts of the micro stuff like CUSIF, CALVF, MYNG, etc. Will be buying more tomorrow AM. Yes, the market it beyond belief, and therefor provides a fantasitic opportunity for serious traders to test their skills. You are correct...the sidelines is no place to be if learning and improving is your goal...as Murphy says...you go to be in it to win it. Good Luck. Cheers, Bert