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To: Michael Collings who wrote (70843)5/30/2001 9:03:59 PM
From: E. Graphs  Read Replies (2) | Respond to of 116811
 
Michael,

You are right. Everyone should take a look at the monthly chart of their favorite gold stock. Long term trend is up, gold shorts are going out with a BANG!

Heartbreaking shakeouts are part of the deal. I will sell and throw in my towel when the charts are finished. When I got spooked and sold at ~Nasdaq 5125 it felt nothing like this. Holding on while everyone bashes is not easy and might not prove smart, but neither is it easy to be selling while everyone is giddy. I just do what I know best and then hope I'm not learning from experience again..........:(

Here's what 5125 felt like to me.....

Message 13200236

Today I was nervous in a different way, but I still had charts to back me up. I bought HGMCY based on the chart below, and the fact that POG pulled back to the breakout of a small diamond reversal on its daily......and that is part of a larger diamond reversal pattern on the 3 year chart. See my previous post for those gold charts.

HGMCY:

siliconinvestor.com

I've already averaged down on HGMCY since my morning buy. I had no idea the market would be so brutal with one day still to go before the end of the month gets charted.

Still, you're right, when we sell and get out of the way we live to see another day.............and we always learn something.........and that's the best part of all of this, imo.

E



To: Michael Collings who wrote (70843)5/30/2001 9:13:39 PM
From: long-gone  Respond to of 116811
 
<<but take a look at the charts and show me where any of these non hedgers or the indexes have broken down and changed trends. >>

You're right. HUI has not (yet?)violated higher highs & higher lows & still looking good against M/A.