If I may Bobby,,
IMHO, one can only make a guess if you don't have bona-fide inside info.
For example, I was waiting for the dollar to drop as a signal to enter abx.
Other things came together in my head as well, the 200 point rally on what I considered bad news, the fact that gold started to rise while the gold shares did not respond very well, (read , they don't believe, made me even more bullish...
Consequently I made a good pass to abx in 2 days, however had the market not reacted as I anticipated, I would have been out quickly.
Actually they did shake me when gold dipped just before the close and I took my profit. When it dipped back down to $26.60 on the close , I reloaded, but not quite as much.
Letting market tell me what to do seems more a matter of getting out rather then getting in. Simple, it's not co-operating with my thinking.
russell |
