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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: Paul Shread who wrote (30180)2/15/2002 9:10:43 PM
From: whydididothat  Read Replies (2) of 52237
 
Admittedly, gold COT's are a negative for a long position. Still, I see it as one small piece of the puzzle along with chart patterns, support and resistance, etc. The chart pattern is pretty straightforward, a recent move above resistance with successful re-tests thus far. With some imagination, perhaps some type of embryonic bull flag.

Regarding the markets, I've found it most profitable to be open minded, but to draw my own conclusions (rather then follow another's, such as the COT's.) I see lots of independent thinkers on this thread doing the same thing and profiting in different ways. A little experience and confidence helps.

Seemed humorous to me that there may have been a sell-off in HUI today after release of the COT's. Perhaps we should call it the "COT effect" -g
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