Melnibone
- 23 Jul 2004 10:01
- 8 of 11
Morning all,
Quick visit before I satrt crawling around floors again.
Nothing's changed.
Still no institutional buying.
Testing bottom of range on low volume, but volume seems to be higher on
the down legs which is not a good sign for the Bulls.
As I suspected on Wednesday night, Dollar slightly stronger and Gold
weaker with a weakness in equities. Don't know how long or how far
those trends will continue.
If the range doesn't hold, we need to be aware of what happened in the
Bear years, where we had what folks called G&C. (Gap and Cr*p).
This is where we gap open higher after a down day, as Bears take profit,
which is met by a further wave of selling and shorting to end the day
lower.
But we are not there yet. We're still in the range, although stuff is starting
to look decidedly dicy.
Melnibone.
G0WMH
- 23 Jul 2004 22:22
- 11 of 11
Hijeff, your post No. 3, what a call............was that inside information?