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Strategies & Market Trends : Strictly: Drilling II
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To: TheSlowLane who wrote (34376)12/10/2003 4:45:34 PM
From: patron_anejo_por_favor  Read Replies (3) of 36161
 
<<My deer in the headlights approach has been working pretty well, but today kinda feels like the deer just got broadsided by a fully-loaded lumber truck. Got venison?>>

In long term, bull markets, it isn't the traders who ultimately win the prize, it's the holders. To paraphrase Jesse Livermore, "In my biggest winners, the biggest money was made by sitting".<NG>

I agree w/Nspolar's targets, though I could see the HUI going back to the 50 day MA without a major trend reversal. I think we'll see some grinding at around these levels for a few days to a week, while the POG and POS pullback. Then the shares should lead higher into a year end rally.
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