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

To: Jim H who wrote (24182)	12/24/2002 9:02:45 AM
From: Roebear	Read Replies (1) \| Respond to of 36161

JimH, Since the LT trend is bullish and we have chart patterns indicating a move is afoot (very likely up, but could be short term down, one never knows for certain) taking at least partial positions seems to me a safe bet. If things continue onward and upward, then future chasing is reduced and one can average up like the dot com guys of a few years ago. The PM move could be every bit as good and there would be nothing wrong with following that example in a bull market. If the move goes against the partial positions short term and the long term trend is not in jeopardy, then one has the chance to average down for the next move up. In watching the LT trend, keep one eye on the longer term charts like the daily, for sure the weekly and the monthly, noting the indicators/oscillators are much more reliable on the longer term charts with the PM's (weekly/monthly). Merry Christmas, Roebear