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


To: nspolar who wrote (34382)12/10/2003 4:57:45 PM
From: patron_anejo_por_favor  Respond to of 36161
 
I think it could happen and reverse intraday (ie, down to 50 dy MA intraday, with close at or near 225, thus preserving the upchannel). After all, the 50 day is at 219.50, only 5 1/2 points below the uptrend line....moves of that magnitude are commonplace in the HUI. The market will tell us, as it always does....



To: nspolar who wrote (34382)12/10/2003 6:36:04 PM
From: steve susko  Respond to of 36161
 
This could be holding the market from a big sell off:

Cboe optionsL
03 Dec 34.00 (QAV LH-E) 0.80 -0.05 0.85 0.90 4597 136538
03 Dec 34.00 (QAV XH-E) 0.30 -0.10 0.30 0.35 49194 478540



To: nspolar who wrote (34382)12/10/2003 7:19:58 PM
From: Activatecard  Respond to of 36161
 
The 50 day MA is below your target, but so far
it's rock solid.

stockcharts.com



To: nspolar who wrote (34382)12/10/2003 8:40:43 PM
From: SwampDogg  Read Replies (1) | Respond to of 36161
 
FWIW this does look like a Wave 4 and the swiftness of it is bull market stuff. Started buying today and see good support at $XAU 89-90. Some stocks may already be finished their corrections. This may set up a blow off ot POG $425-$450. If $XAU 89 is broken it is all over.