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Gold/Mining/Energy : Global Platinum & Gold (GPGI)

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To: Richard Mazzarella who wrote (6949)	8/10/1998 9:36:00 PM
From: JACK R. SMITH JR.	Read Replies (1) of 14226

Richard, There are numerous techniques to keep out of that kind of scenario. Some are quite simple, and I know that you know them, but sometimes we forget. The first is have an upward bias in an uptrending market. Conversely, trade short in a downtrending market. The trend of this maket is clearly down! You might argue with that, but that is the way I see it here. It could change tomorrow. Further complicating that are the facts of "sector markets". Simple trendlines are often overlooked in our "high tech supermultiple indicator world". Multiple time frames are also very, very useful. Monthly, weekly, daily, intradaily, etc. Why am it telling you this, you are probably a much better trader than I am. I will shut up!! Regards, Jack (notsuchagoodatraderbuttaperhapsinthefuture)

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