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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: CommanderCricket who wrote (82796)4/10/2007 9:41:23 PM
From: chowder  Read Replies (4) of 206181
 
Re: OIH ... >>> Anyone selling into this rally? <<<

For Heaven's sake, why?

Look at money flows! Do they look like they are getting weaker?

Look at an indicator I call Momentum Bands! Price continues to ride the rising upper bands. In the case of OIH, I wouldn't even consider selling until price closed below the middle band.

I understand selling into strength, but I also understand letting profits run. We must learn to balance the two.

Here's the daily chart using money flows and the Momentum Bands.



Here's my original analysis when others thought we were a little extended.

Message 23393214

Price has continued higher.
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