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Gold/Mining/Energy : Gold Price Monitor
GDXJ 143.68-4.5%Jan 29 4:00 PM EST
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To: russwinter who wrote (68190)4/24/2001 1:43:52 PM
From: Crimson Ghost  Read Replies (1) of 116942
 
"The trend of POG as strength will feed on itself (one reason not to be too quick selling the initial rally as gold investors have been
conditioned. Remember the "buy the dip" stock market mantra. Finally caught those participants with their pants down"

Very true. The market often conditions people to expect certain patterns to repeat endlessly just when those patterns are about to change fundamentally. And the longer a pattern has been in place -- the bigger the potential on the other side of the trade when the turn finally arrives.
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