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Strategies & Market Trends : Natural Resource Stocks

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To: ItsAllCyclical who wrote (26880)	8/1/2005 9:19:35 PM
From: Roebear	Read Replies (1) of 108781

IAC, Some patterns I use suggest a powerful HUI move is coming, unfortunately, I cannot guarantee the direction. Guess it would be straddle time then, ggg. I will go on record that a powerful 50+ (or -) HUI move should take place within the next 4-8 weeks. My study has indicated a better chance of up, but today was cause for some concern based on the tape action I saw until early afternoon. Then later this afternoon I was called away on family business and took the pre-emptive action to substantially reduce my holdings on the afternoon runup of what I had (mostly RGLD). My thinking on this is I was not pleased with the HUI action today, business today prevented my watching the market for I didn't know how long it would be at the time, I had profits, so why not take them NOW?? As it turns out, I should have the rest of this week to decide if I am being fickle and repent in sackcloth and ashes or buy and sell all I want... Best, Roebear

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