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Strategies & Market Trends : Strictly: Drilling II

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To: Frank Pembleton who started this subject12/10/2003 1:01:19 AM
From: nspolar  Read Replies (3) of 36161
 
USPIX Back In Time

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Why would anyone want to nail the bottom in USPIX, and take the risk?

Well look back in time. Any major bottom was followed by gains from 50% to a double, in a relatively short time period. And that I'll bet is better than one will do in a basket of gold stocks from here, over the next several months.

Will it happen? I dunno but it is going to be fun to see.

I have a decent number of shares, but right now wished I had more. Over the course of the next year I am going to try and play this like a violin in slow motion. I like to get on the right side of leverage, and when I am on the right side of it, the more the better. Even as a little boy I liked to pour gas on the fire, and take the heat until my face got singed (it happened more than once).

Stretch this out a tad and look at the little ripples in the RSI. Those I don't believe are corrective waves, any longer. They are likely to be impulses, imo, not down either.
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