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

To: Andrew who wrote (34316)	12/9/2003 12:38:25 PM
From: nspolar	Read Replies (1) \| Respond to of 36161

All ears myself. Taking another stab at some puts later today unless the outcome is different than I anticipate. Evidence continues to increase imo that a major top may have been made. The else side seems to be another blast up, but a short one. If the former is true I think the slide a long one, with some big counter corrections. A 5 waver I hope. I like IT to LT so that is how I am positioning. I've made my projections for possible future bottom areas. I also happen to think if the dollar bottoms here soon treasury rates are going to go up. There has to be some impetus to hold the dollar, not just because it wants to hold. I don't see how the markets can tolerate a rise in rates, and it is possible they are already smelling it. We'll see. Right now rates are waiting to decide. stockcharts.com[l,a]daclyiay[dc][pb50!b200][vc60][iUb12!Ui14,3]&pref=G As this bear moves along Greenshoes has less options as I see it. They can't allow a total kaotic dollar dump, nor can they be pleased if rates go up. I don't think they really give a shit about gold, it just reacts to the rest and is a gauge of their success or failure.