Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: gold$10k who wrote (6400)	1/12/2002 8:07:50 AM
From: Charles Macdonald	Respond to of 36161

<XAU - The big Picture> VT, Agreed. I believe their will be several opportunities to book profits and re-enter once the XAU breaks out. The primary focus of my current strategy is to make certain I am on-board with CORE positions for the initial substained move. (ie: Jan 1993 through Jun 1993). bigcharts.marketwatch.com (Edit - My link did not come over, Daily chart for XAU between 1/1993 and 1/1994 with BBands; Macd and RSI as indicators in window 2 and 3) Looking at the daily for 1993 through 1994, 80% of the gain in total value for the period was made during the initial surge (Macro Trend). Knowing I have a strong habit of taking profits early, I intend to play and trade the macro trend once the XAU does in fact breakout. Still looking at proposed strategies, but intend to focus on base (RSI, MACD)indicators with a very simplistic approach. The goal being to catch a similar Jan to Jun uptrend; reshuffle the PF/book profits and be in posiiton to re-enter an October to Jan 1994 "Second Wave". Thanks for posting your chart.