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Strategies & Market Trends : Ask DrBob -- Ignore unavailable to you. Want to Upgrade?


To: shadows who wrote (99101)7/10/2008 5:53:51 PM
From: Drbob512  Read Replies (1) | Respond to of 100058
 
shadows: I like spot gold more than gold stocks, but the HUI indicates that gold stocks bottomed out at around 390 HUI with a double bottom on the weeklies and is now in an uptrend. I also like oil stocks again as they may have completed most of their corrections/retracements. I expect a choppy uptrend for gold majors and steadier uptrends for oil stocks once this market reaches a tradeable bottom.

regards,

drbob