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Traders Thread Friday 23rd July 2004 (CROC)     

Martini - 22 Jul 2004 21:11

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.

Big Al - 23 Jul 2004 10:07 - 9 of 11

Glad I added to AQP! ;-)

little woman - 23 Jul 2004 17:19 - 10 of 11

Evening all,

I'm afraid, despite my efforts, I have found myself an (rather well paid)
employee again! Why do companies work such stupid hours?

Hope to work flexi-hours, and travelling time is only 10 min, so will try
and drop in to keep an eye on whats going on.

G0WMH - 23 Jul 2004 22:22 - 11 of 11

Hijeff, your post No. 3, what a call............was that inside information?
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