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Strategies & Market Trends : Natural Resource Stocks

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To: SliderOnTheBlack who wrote (25203)	5/23/2005 4:13:42 PM
From: isopatch	Read Replies (2) of 108683

Slider. >The only thing that scares me here... is that suddenly everyone is extremely bullish on goldstocks< I'm seeing the same thing. Intermediate Term bottoms R characterized by disbelief and skepticism, in the early going. But, there's been very little of that in the past few trading sessions. What we're seeing instead is the same ole massive piling into long positions we've had on every ST counter trend rally YTD. I'm continuing to trade ST setups, here and there (to pay the bills) until the various data sets I work with (sentiment being one of them) point to an important bottom. Maybe it'll be HUI 150. Maybe 140. Perhaps even lower. In my work, will only know when we get there, make the big turn and get the price/volume confirmation I want to see before I put a lot of this cash hoard to work. Isopatch

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