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

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To: SliderOnTheBlack who wrote (39956)	3/9/2005 11:06:11 AM
From: kodiak_bull	Read Replies (1) of 206201

Slider, For this to be even the beginning of a top in the homeboys, they will first have to take out a previous low on the downside. For TOL that would be about 81.07 on 2/22/05. Of course this could be the top, and you might have called it. Certainly the Prudentbear has called this top, about the 23rd top they've called in the homeboys since March of '02 as I recently posted. Same-o, same-o with Fleckenstein who apparently in possession of more tops than a toy warehouse. For the record I don't know if this is a top, I only know that the most recent pricing for TOL is higher highs and higher lows, which is the standard definition of an upward trend. Its current 3-day pullback is well within most channel ranges of that upward trend. That is all the Market is revealing at this point. That has been true for a year now, and the Market will reveal when and if that trend is going to change by first taking out that February low. In any event we should know the answer to the question as soon as the Market is ready to reveal it. Kb

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