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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?


To: Archie Meeties who wrote (28773)1/5/2004 9:24:45 PM
From: profile_14  Read Replies (2) | Respond to of 206322
 
The seasonal bull is not over until April or May for the OSX, IMVHO, with a brief pullback in Jan/Feb. After April/May through September, it is generally downhill, with the steepest part being June and July. I am still largely in cash, trying to be disciplined with my patience on my options, and few equity holdings in a long term account, and looking for a trade.

I would prefer to make another entry at blow off days or extremes and I do not feel we are there yet on the upside, but we are getting close. Possibly another 15% on the XNG and another 40 points on the Nasdaq, and some 160 on the INDU. This should be a bullish week through Thursday morning, IMHO, but the tone is softening. The Nikkei's rise evaporated through the mid morning session. Let's see what the afternoon session brings. Good luck and best regards. Catch you later tomorrow.