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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: TheSlowLane who wrote (64771)	4/12/2009 11:02:36 AM
From: tyc:>	Read Replies (1) of 78416

You have raised the important point, "What is the most useful trend to use?". If staying on the right side of the trend is to be safe, it mustn't be a long term trend. And one must reduce his holdings rapidly if the trend MAY be ending. (The ending of a trend is the beginning of uptrend for CASH, which I have begun to consider "just another stock", or whatever you use as a benchmark). Otherwise you will justify a dangerous holding of, say, S&P500 because the LT trend is still intact. Maybe that's why Enron holders hung tough. To my mind, reducing one's holding early is tantamount to hedging. My understanding is that the usual way to establish trend is to draw a line along the daily lows, and when that line is breached, "watch out!". I use my own method which is more stringent, intent to get on to the nascent trend even if it is "CASH". Bear in mond I am not advocating saying "goodbye" but rather "See you later when you behave again"

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