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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Casaubon who wrote (47541)	4/20/2000 10:56:00 PM
From: Terry Whitman	Read Replies (2) \| Respond to of 99985

I never place market orders Caus. Too easy to get screwed- and you'll never even know it. There are some cases where it's necessary, but any time you just HAVE to get in (or out) is generally a bad time to be doing so. I have a check list of 3 events when buying gold miners: 1) POG is rising. 2) XAU is rising. 3) US$ is falling. When these 3 come together, a strong rally nearly always ensues. Place your limit order slightly above market (if you're worried about missing out). I usually place mine just below the market, and try to catch a small pull back. Sometimes I miss the train, but hey, that's the chance you take.