Strictly: Drilling II Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Strictly: Drilling II

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Square_Dealings who wrote (28123)	2/14/2003 2:05:25 AM
From: mishedlo	Read Replies (1) of 36161

You are spending so much time convincing us the move in gold is over... I'm about ready to go long again. Maybe next week, hoping the stock market does one final bump up before going over the cliff. I agree. This is getting absurd. Guy has a great call and lords it over on everyone for days, even weeks on end. Expects a 20 year bear market to only have a 3 year bull market. We all hear the warning, now what. Some reacted some didn't and some like me sold half. Well I wish I sold it all and I am not adding here, but If I did not have any I sure would be. We are right on 50Ma shares have bounced off this time and time again. Either one believes this is a bull market or not. If it is we have higher to go or at least we double top somewhere. I doubt anyone could get hurt too bad from this area withe decent SLs. Furthermore he is ignring a falling $, trade imbalances and half a dozen other factors on the FA side. In the stock market bull run, how many H&S patterns went up in smoke from bears attempting to play them. In this bear market how many inverse H&S patterns went kapoot? Almost all of them in both cases. I have every reason to belive gold will base a bit at this level or follow up the POG as it goes up this time. There is a technical basis for this off the MAs as well as a basis on pure FA. I am not rabid enough to think we are headed to 1200 POG, but the 400-600 area seems quite doable. On a retest of the highs I will unload what I have and watch. If instead we fall another 30% I will add and sell the bounce. Personally I think these alarm calls are now getting to the point of being personal as well as contrary. M

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next