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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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To: TrueScouse who wrote (38651)4/21/2007 12:11:29 PM
From: Mario :-)  Read Replies (1) of 78408
 
Yeah, hard to say, what is next :)

But I do like your target <g>
Well your picks too. Did I tell you lately 'thank you' for MVG.TO? (I'm stealing CD's quote here) I know it is CC's pick, but you mentioned it at a perfect time!

I'm around 15% cash and confused :)
Some divergences are forming, but they are not always as helpful as I would wish. We are getting pretty bullish, so there is another potential red flag for a correction. Flush here would make perfect 'technical damage' for a run. Look how many are worrying about "Sell in May..." and last year is still fresh.

It is easy to imagine some false break out, then flush, and mass conclusion: 'yep, same as last year, I'm staying out 'till Fall' - and then many get fooled with summer rally.

But then again, Friday was nice, stocks (at least mine) were acting like we are already in the bull move... 10 days per year like that and I will be very happy.

Just guessing here. I will be in Europe whole May, without access to computer. (grrr) Slowly I need to make decision if I will increase cash position. But not too much. Max 40%-50% I've survived previous corrections and I will this one. And it may not even happen.

I must not forget, we are in bull market and soooooo close to real break out. :)

Have a good one!
Mario

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