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westpacific

08/06/04 10:42 AM

#280579 RE: disciple #280577

Gotta force some covering thus the look of dip buying.

They are gonna unload heavy now, jobs report, oil, election, Russia, retail sales reports and the old stories of DEBT<DEBT AND MORE DEBT.

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JimQuinceH

08/06/04 10:47 AM

#280585 RE: disciple #280577

Disciple, I use closing market data but I think the market is close to an intermediate term low, whether it is today or Monday, I don't know.

I am looking for a weak rally into mid-September but probably lower lows, in October or November.

I'm still long CDIC, MFC, PX, ASA and short PXP, these oils look (technically) terrible to me.

Jim