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Strategies & Market Trends : The Home Run

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To: gold 77 who wrote (493)	11/7/2006 7:45:35 AM
From: Patrick Slevin	Read Replies (2) of 525

I'm starting to rethink the "add one every 10 points" trade. I don't think I like it. If it gets into the mid 630s I'll add a couple then hold off. Once December rolls to February I'll attempt to pyramid once again. Meanwhile I'm going to try and ignore it on a daily basis. The charts look as if it has a great potential to bust higher. However I don't wish to raise my average cost much as the volatility would lend itself to wider swings. Which is okay if your average cost is low and out of the way. You can try to sell a small amount into spikes, buy back on dips, the usual stuff.

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