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Gold/Mining/Energy : Precious and Base Metal Investing

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To: gold$10k who wrote (13209)6/29/2003 2:55:28 PM
From: Canuck Dave  Read Replies (2) of 39344
 
I think TA works best for very short and very long term events.

On financial sense round table Internet radio broadcast, they were talking about 40 month moving averages. How the S&P has recovered to the 40 month line, and will probably roll over now. Patience needed to follow those.

Selling climax after a big move is the time to get out. Usually have minutes or less to get the best prices. Same on down move. Look at gold stocks July of last year. TA would have been great (if I hadn't been in Sweden, soaking up the culture, LOL).

Medium term, it's emotions that move the markets.

CD
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