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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: DataBits who wrote (92570)7/19/2001 10:29:09 AM
From: Roebear  Read Replies (3) of 95453
 
NOTICE,
FWIW, based on tape, I sold ALL gold holdings by 10:05AM, which essentially booked profits from yesterdays close levels on my stocks.

While the TA read looked good (edit,into yesterday afternoon), noticed a large RSI and MACD divergence on the 5 and 15 min (this AM)with pending 15/30MA failure. Combined with my tape read and (the)option week shennanigans, I felt I had no choice.

I could be wrong and note that I am a short term trader. LT holders may wish to hold, but I suspect if we do not continue this rally we may test 50 XAU or even 47 XAU.

Also NOTE I could be wrong, in which case I'll be buying back at higher prices, ggg!

Excuse the () editing, I wrote the post in haste..

Best of luck,

Roebear
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