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jrm

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Alias Born 08/20/2002

jrm

Re: MechanicalMethod post# 255

Thursday, 09/05/2002 4:46:22 PM

Thursday, September 05, 2002 4:46:22 PM

Post# of 729
smoothing out the rough edges...

gold made an impressive move today and i used it to take
off abut 60% of my gainers.

the HUI could run a little higher but the technicals are
looking a little toppy. 122 to 125 is add reload target.

BGO got quite a bit of volume today. KGC looks firm, GG moved
up and MDG peirced $20. it appears the larger C wave is about
to begin. this should be very powerful. just not convinced it's gonna
begin just yet. the late april, first week in may looks very
similar to the pattern building here. so i am looking for one
lite volume pullback to reload. fingers crossed here, as i don't want
to miss this next run, but think there's time to jump on in
the next week or so. we are back to head n shoudlers...

the next break will be huge. watch the volume, if it comes back
in, they are gone.

the broad markets are toast. period. they can try what they
will... it's history.

the nasdaq & snp are stilling trying to hold support. can't
blame the bulls for "wishfull thinking" they have been weened
on it, sad really.

the homie pump began in earnest today and judging by the sheer denial
on the yahoo homie boards... these folks are utterly clueless...
qouting "book values", "new orders", "more cuts" and "4th quarter guidance".

complete denial of BLS stats on 9.1% new home vacancies...

refusing to read footnotes or even contact the IR depts. of
the comapnies.

emailed several and received very telling replies... but
the bulls do not heed warnings... they buy the dip.

added back SWC today. the pain. but it has massive reserves and the japanese are buying it up.

NEM is rumored to be tendering an offer, if you check each
companies address, they are neighbors.

and nem could roll em up for a nice prize. sounds like a great deal
all the way around, out with the old, in with the new.

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