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Gold/Mining/Energy : Uranium Stocks
URNM 60.78-5.6%Nov 3 4:00 PM EST
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To: Gib Bogle who wrote (8699)3/2/2007 5:34:40 PM
From: TheSlowLane  Read Replies (1) of 30074
 
Really not that much of a surprise. Keeping an eye on indicators like RSI can help one anticipate when extremes are being approached. Things were clearly stretched on the up side, now we are unstretching. I look at the charts to get an idea where stocks have found support in the past. I think Aladdin and loach both got good entries in STM today. It might go lower, but this is a game of probabilities and it seems like a relatively safe bet. I just listened to the Tom O'Brien show, he went long at 3:00 p.m. today (though I didn't hear what he went long on).
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