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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: profile_14 who wrote (102030)6/3/2008 3:16:47 PM
From: chowder  Read Replies (3) of 206118
 
I wouldn't say too much too soon. I would say price finally ran into overhead resistance and the demand couldn't offset the number of people, who bought at higher prices, from selling and trying to get out even.

An analysis previously provided said to expect this in this price range. It was predictable.

It was a classic supply vs demand set up.

Have already locked in profits on 1/4 position. Will sell another 1/4 when price closes below upper band on the Momentum Band indicator previously shown.
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