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

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To: Ed Ajootian who wrote (26917)	11/7/2003 8:58:38 AM
From: chowder	Read Replies (2) of 206305

Ed, your time frame for trading determines if TMR is a buy or not. I have been mostly short term trading, 2-3 days to 2-3 weeks. With this time frame in mind, TMR was a buy as the price crossed up and over the 50 day moving average. This strategy provided a very nice short term gain. If one is already in, it's a hold. If one is looking to get in, it's a wait and see. As someone who depends on the technicals lining up properly, I never buy as the price is headed into resistance. TMR has a strong resistance range between 4.70 and 4.90. There isn't enough profit room to risk a trade at this point. Even long term holders should wait for a pullback or for the price to break out above 4.90 with decent volume. So again, one's time frame should determine the strategy. Short term, wait for a break out or for the price to pull back and cross up and over major resistance levels. Longer term, wait to buy support or wait for the break out. Buying here might work but, it isn't what I call a good "high probability" play. Better to give up 20 cents and take the sure thing, in my opinion. stockcharts.com[h,a]daclyiay[pc20!b50!f][vc60][iut]&pref=G dabum

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