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Strategies & Market Trends : Strictly: Drilling II
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To: Canuck Dave who wrote (24659)1/3/2003 2:18:59 PM
From: isopatch  Read Replies (1) of 36161
 
Dave. Depends upon your holding period.

ST players can try to buy the dips after selling the rallies. But, that's now worked very well during the past month. Many have been left holding too much cash and having to chase the rally, paying more to buy back their positions than the price they sold them for.

Sure, eventually we'll get a tradable ST top and those who've been repeatedly proven wrong because they've underestimated the strength of this trend in the golds will get it right. Kind of like a stopped clock. It's always right twice a day:)

Intermediate players, like me, are less concerned about tops that produce relatively small declines lasting only a few days. For us, the plan remains to continue to be patient and <let our money do the work> until we have a CONFIRMED Intermediate Term top. I don't see that yet.

Isopatch
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