Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

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To: GROUND ZERO™ who wrote (16478)	3/28/2011 9:05:01 AM
From: rubbersoul	Read Replies (1) of 221839

I'm convinced that the intermediate bottom was made late January so I expect most corrections from here to retrace not more than 50% which is why I'm buying dips. I look at the spot price for gold: kitco.com We made a bottom at 1382 in March and peaked at 1447 last week so a 50% retracement is around current prices near 1414: stockcharts.com[h,a]daclyyay[pb50!b200!f][vc60][iue12,26,9!lc20] I'm focusing on miners like SLW which is followed closely by fund managers so I'm hoping for a gap down so I can buy.

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