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.

Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: ubetcha who wrote (16711)	12/28/2002 4:53:07 PM
From: sea_urchin	Read Replies (2) \| Respond to of 81996

Terry >At some point we need to jump off and take our shekels home. Not like some of the buy and hold nasdaq personages! Ha! From my experience, major bull markets, like gold is, don't just stop all of a sudden and disappear. The NASDAQ top was a classical "climactic" --- increasing acceleration leading to an unsustainable price-increase situation. In fact, at the end stage of the movement the price action was virtually parallel to the y- or price axis. That leads to the familiar spike pattern on reversal. This was the way the gold bull in 1980 ended. The bull in the Dow/S&P ended in a different way --- it virtually petered out over at least a year. While this happened, the long-term support lines were penetrated and the reversal became clear for all, who wished to see it, to see. My argument is that no-one knows how long this bull in gold will last. Accordingly, we have to continually judge it on its merits ie price action between definable trend-lines, no unsustainable acceleration, no penetration of long-term support line. If one is able to keep tabs on the action in such a way I contend it is not necessary to jump out/off prematurely ie investus interruptus. This latter condition is, in my experience, the cause of a great deal of anguish, anxiety and self-recrimination while, if one sees the action through to its natural climax or ending, besides maximizing one's financial returns, one also achieves a great deal of kudos and self-satisfaction --- even though no-one else may know about it. Of course, I am not telling anyone else what they should do I am merely describing my own personal challenge.