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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: kollmhn who wrote (6908)2/22/2002 3:39:00 PM
From: chowder  Read Replies (2) of 206104
 
Kollmnh,

I must admit, the strength of the OSX has surprised me. Several weeks ago I mentioned I thought we'd see 92 and pull back. Of course a lot of things can change over the course of several weeks.

I think it would be prudent to trade the daily with an eye on the weekly. Profit taking should take hold here next week. The amount of profit taking should indicate what happens next.

Normal profit taking would take the OSX back to around 82-83 based on where it's at now.

Chart looks strong though. If we get a follow up on Monday, in lieu of profit taking, it might pay to grab some laggards.

dabum
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