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Gold/Mining/Energy : Gold Price Monitor

GDXJ 109.23

+3.7%

Nov 28 4:00 PM EST

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To: Bobby Yellin who wrote (15349)	8/5/1998 2:06:00 PM
From: Ray Hughes	Read Replies (1) of 116779

Hi Bobby, Right on! Trend following, momentum following, relative strength following. Is there a common thread here? "Following" as many technical analysts do inherently means being a little late always. Inherently late. So we should not beat up on the followers - they don't pretend to be more than followers. Its the fundamentalists (me included) that purport to "foretell" the future not follow it. So, fie on the fortune tellers if they can't get it right - they have the gall to pretend to be smarter so they should bear more responsibility. RH

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