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


To: patron_anejo_por_favor who wrote (34381)12/10/2003 4:53:13 PM
From: nspolar  Read Replies (4) | Respond to of 36161
 
patron, my EW starts going to hell if that level is penetrated. It can be touched and slightly penetrated but that is it.

I believe on my chart I allowed for about 10 days for this, we just completed day 7.



To: patron_anejo_por_favor who wrote (34381)12/10/2003 4:57:40 PM
From: Jane4IceCream  Read Replies (1) | Respond to of 36161
 
No, you have it wrong. Its Isopatch that ultimately wins the prize according to Isopatch<g>

Jane



To: patron_anejo_por_favor who wrote (34381)12/10/2003 5:37:52 PM
From: Bert  Read Replies (1) | Respond to of 36161
 
Patron,

Agree with your take on the holders vs traders scenario. PMs just getting going here LT IMO, and these dips are buy ops. Looks like a bit more down in the HUI, possibly to the 50. Going through L2 on most of the big miners, the bid was the winner on all except NEM...ask was the winner there. Silver was also accumulated/covered.

Some micro golds held up well IMO...LNXGF, LITS, etc. I'm primarily focused on micro gold and silver plays from here on out...got enough of the rest.

Some NG plays like ABP, PYR, and even MSSN showed the bid as the dominator. I think the NG dip is just that, and will be halted soon, perhaps tomorrow. Call me crazy, but I think MSSN is going to triple from here...on this IT run. Holding IVAN from my averaging down fiasco...roughly a 4.20 average...looks like the squeeze will take me out handily...finally...hell, I might even hold it for more..

Raised cash from sales of tech and bio this week...now ready to deploy with vigor tomorrow, which I think will represent the HUI low.

The portfolio took an big hit today, but I'm glad we corrected now...gives gold room for one last? push up before an IT correction...the VIX is moving up on the monthly nicely...wonder how it's rise will affect Gold...help or hinder? Depends on what's causing the VIX rise I guess...I think there's year end profit taking in gold and the general market right now, but that the general markets will continue down after the New Year...USPIX looks great...we'll see I guess...

Cheers,

Bert