OSX languishing in the trading range abyss,,,
- whodathunkit ?
I can't even begin to recount - how many posters from the "under the porch briggade" - were calling for a summer run to 140 and screaming about the value's in the oilpatch.
I'll repeat once again:
BULLS MARKETS DO NOT OCCUR (never have, never will)IN THE OILPATCH - WITHIN A WEAK US, LET ALONE GLOBAL ECONOMIC ENVIRONMENT.
...CASH is KING here... along with PATIENCE.
We will either see tremendous opportunities in general equities - ie: DOW 7000, NAZ 800ish, or within the OSX sub 68-72ish imo, or if Gold stocks pullback sub HUI 100.
Aint much else gonna attract my attention - untill they do...
MAKE THESE STOCKS COME TO YOU... WAIT, PATIENTLY... REFUSE TO BUY ANYTHING EXCPET DEEP VALUE, OR STRONG CAPITULATION OF THE GOLD BULL - IE: make the Gold mo-mo crowd throw in their cards before buying ANY pullbacks... and if we don't see one adequate enough (HUI sub-100) - we've allready got this run in the cash register... or, only buy a breakout to new highs thru prior resistance.
Leave the trading range alone here in Golds .... wait for sub HUI 100 - but, only if the core fundamentals for POG remain, or buy new highs... just say no, to the trading range game here imo....it's a low return - moderate risk game presently and fwiw personally; in this market environment - I'm only interested in HIGH reward - LOW risk.
Sittin' Bull |
