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Frank Pembleton

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Frank Pembleton

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Re: Ace Hanlon post# 50485

Saturday, 11/30/2002 7:36:33 PM

Saturday, November 30, 2002 7:36:33 PM

Post# of 704019
George... I think "short term" we're due for a correction-- somebody the other day posted some stats on "The Day Before/After Holidays" -- http://www.vtoreport.com/nasdaq/updown-holidays.htm

I suspect the 90% chance of an up day we should of had but got a day in the red instead "IMHO" translates to a overbought market. I'm betting that Monday will be another yawner followed by swooning Tueday.

FWIW, the stochastics and MACD indicators on some of my favourite gold stocks are looking somewhat bullish-- my suggestion is to start adding weight to this sector-- I see very little downside.

Regards,
Michael


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