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

To: jtech who wrote (15351)	7/8/2002 10:41:04 PM
From: SliderOnTheBlack	Respond to of 36161

["Well Slider you long or short or playing the fence? "] ...if you're talking about Gold/Silver. I'm "hedged" long. Down from 60-65% total portfolio weighting in Gold/Silver to just 15%. Sold into HUI 130-150...and as I explained earlier... it's about being disciplined and patiently waiting for ONLY - HIGH REWARD - Low, or Moderate Risk re-entry opps.... and for me; I think that's HUI sub 90... again, I see value and technical support that I'm comfortable with - back at that intensely fought for level back in Feb & March at HUI 80... or, as I said earlier - I'm back in on a new breakout thru resistance to new highs over HUI 150. Quite candidly... that is the ONLY strategy for those that got in early at/or near the bottom - to where they guarantee themselves - that they won't give it all (or most of it) back... by chasing those singing siren cyclical pullbacks that all eventually lead to the bottom falling out... when, not if... THAT is going to happen here... ie: a pullback that the vast majority view as a buying/averaging down opp... that turns over and collapses into the end of a cycle...and the majority will give back most, if not all of the move. It may have already happened at HUI 150, it may not happen untill HUI 200... but, it will happen... And HOW you play it, will be more important going forward; than WHY you play it... - remember that concept.