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

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To: Fiscally Conservative who wrote (88049)	7/25/2007 10:43:27 AM
From: chowder	Read Replies (1) of 206338

>>> Why BZP is still falling here confounds me. <<< It's all part of what we technicians call trend analysis. When it's time to take profits ... and I stated back in March that OIH at $192 would be where this sector was overbought, a time to take profits ... most ships will fall with the lowering tide. The fundamentals are put aside until price falls to levels of price support, and then you look to see if buyers are ready to step back in. This move is based on the technicals, not the fundamentals.

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