Big Dog's Boom Boom Room Message Board

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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Q8 who wrote (83043)	4/15/2007 3:49:40 PM
From: chowder	Read Replies (1) of 206299

>>> Dabum, with all due respect, I must call you out though on your prior call when I said the rising wedge is trouble for BHI... <<< Point well taken. At the time price was at $78 there was gap support at $74. It was reasonable, at the time, to expect the first test of that gap to favor the bulls. The support didn't hold. It was a change in the character of the trend and if I were in, I would have changed my opinion. I realize now you do a lot of short term trading and one must anticipate price action in that time frame as opposed to longer term traders who are usually better off waiting for confirmation. We both agreed on the short term pull back. That pull back started to gather steam and a follow up analysis was never done. I should have followed up. I screwed up. I deserve your calling out.

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