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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: Q8 who wrote (76484)12/17/2006 9:24:43 PM
From: chowder   of 206302
 
Re: BHI ... >>> Looking for opinions on my prediction: <<<

It depends on the time frame one wishes to trade with regard to the strategy one should employ.

If one were looking intermediate to longer term, the recent price action on BHI would indicate higher pricing over that time frame.

If one were looking very short term, BHI looks to be setting up for some profit taking.

Any pull back would set up another buying opportunity for someone wanting to take a long position. The amount of buying volume over the last few trading sessions usually indicates another leg up after a short period of profit taking or price consolidation.

dabum
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