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

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To: kodiak_bull who wrote (42715)	5/3/2005 5:29:18 PM
From: cyesp	Read Replies (4) of 206326

KB - This has been a pretty good road map so far. >>If a close above $44 doesn't happen in the next 2-3 sessions, I'd be looking for XLE to roll over and take out the previous low, that is, trade down to $39 or lower, over a somewhat longer timeframe (7-8 sessions). If it does that, then it could be expected to spend some time in the $38 to $41.50 range before testing $38 and then $37<< I don't think we make it to $37... and probably not to $38 either. I will probably start buying a little below $39ish. I think the long term uptrend is still intact, but I am listening to you, dabum and SOB and maintaining a cautious stance, being more patient, and hoarding my cash! Thanks, Cy

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