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Strategies & Market Trends : Take the Money and Run

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To: SouthFloridaGuy who wrote (1732)6/4/2002 1:12:38 PM
From: GraceZ  Read Replies (2) of 17639
 
Dude, didn't you sell your gold stocks? Sure looked that way from your posts last week, you were going to stay out of gold for a few weeks, stay in cash. Got lured back in by the price action or maybe you used a time machine to reverse that position, comes in handy, eh? Frankly, I liked the risk/reward better when DROOY was selling for around a buck. I try to resist the sirens of price action even while acknowledging it works out great if all you want to do is make money and don't care how you make it.

Don't try to trade with money flow analysis, it doesn't work for those with short attention spans or small goals. What it does do is tell you what's happening over time and who's doing what to whom.
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