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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: excardog who wrote (6659)2/13/2002 6:24:10 AM
From: chowder  Read Replies (2) of 206307
 
Cardog, per my post with regard to SII, I mentioned it was overbought and forming a double top pattern. I mentioned this is usually an indication that profit taking is due. We saw some of that yesterday.

The crossroad I was referring to is the 200 day moving average. Profit taking would normally take it down to there where it would normally bounce back.

A close below the 200 dma would mean trouble. The crossroad, up or down, should be determined at that point.

dabum
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