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Gold/Mining/Energy : Silver prices -- Ignore unavailable to you. Want to Upgrade?

To: loantech who wrote (4934)	4/19/2002 3:34:23 PM
From: Little Joe	Read Replies (1) \| Respond to of 8010

I agree we are all guessing. But I don't agree that knowing the trend is the same as knowing how high the price will go. I say the trend is up today. It could change tomorrow, a month from now, or longer. I don't know what the price will be when the trend changes, but I guarantee it will change. Once you enter a long trade, it is important to keep a watchful eye for a change in trend. I usually keep an eye on the stocks that led the way up and when they all start to rollover simultaneously that is usually a reliable sign of a trend change. When this happens I put in stops below the market and let the market take me out. I never catch the exact bottom or top but if get 40 to 60 percent of the move, I am thrilled. Little joe