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

To: Roebear who wrote (25836)	1/17/2003 6:30:29 AM
From: jimsioi	Read Replies (1) \| Respond to of 36161

Thanks Roebear...the HUI I understand that some are not interested in the minute by minute ups and downs, or hourly or even daily...I probably should be less interested myself in the short term but see it all as a piece of art as much as anything....subject to a wide variety of interpretations. I have found in the miners / metal markets that I over stay after the momentum in a move has peaked and then get impatient as the correction develops. That's just my personality at work in the market. Has to be controlled. Others I suppose enjoy getting haircuts and going through corrections.. I try to avoid them, often make things more difficult in the process, but I am doing better. I can identify momentum peaks, it's just very difficult to cut lose when everything and everybody is bullish. However, I was buying the low on Wednesday not selling it and my reduction in position during the current consolidation was pretty small and the shifting around that I did put me in stocks I think have more horsepower for bigger percentage gains.... we will see. In retrospect we'll hopefully all fondly remember how really quite odd it was that the market action of the last 7 or 8 trading days had so many turning bearish or becoming less bullish this week when the pullback in the HUI was briefly through the 20 day and only inter-day near to the 50 day moving average.. We've seen so many failed rallies in the miners; its understandable.. It's part of our culture...What it will take to see the HUI make new highs I don't know and suspect that the rotation that's taking place to the juniors is moving the strength to new stars. Should be an "interesting" Friday. Gettin' ready to rumble. HUI Daily stockcharts.com[h,a]dbcaynay[dc][pc50!c20!f][iut!Li14,3!Ll14!Lh14,3!Ll14!Ld20!Lya7,14,28]&pref=G jims101