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

To: Jim Willie CB who wrote (28236)	2/16/2003 9:49:40 PM
From: SliderOnTheBlack	Read Replies (2) \| Respond to of 36161

Tokyo-JimWille re:["selloff in gold is almost done when it ends, you will be the last to admit it maybe another week or two or three, then pretty much done"] ...wait a dag-burn minute. 1st - there was not supposed to be a "selloff" here. Once $350 was broached, the entire derivatives market was to be toppled and gold was blowing thru $412 ? ...then when that failed, it was $372...then $352 that was supposed to hold ? You guys keep changing your tune...lower & lower & lower...you've seen more "bottoms" than a Indian Proctologist. PS: WHY HAVE THE WORDS - "DOUBLE TOP" - NOT APPEARED ON ANY BULLISH GOLD WEB SITE ANYWHERE ON THE INTERNET ? ...when at present; that's exactly what we have with a double rollover at HUI 150-154 - occuring nearly a year apart...ala the last OSX cycle - I may add... And as far as being - "the last to admit it" ...when, the last pullback bottom was in....actually; I think I was the "first" to "recognize" it when it occured in July, then Aug and most recently on Oct 10th (vbg). Not sure I'll hit this coming "interim" low - by choice and by trading discipline...as because we rolled over twice at HUI 150-154 ie: a "DOUBLE TOP"...I certainly will NOT be buying the first pullback reversal...never, ever, NEVER buy the initial reversal, even if the "CHARTS" endorse it off of a "DOUBLE TOP" - it's the ultimate fools bet, as if the "double top" is real; it will be followed by another pullback, then another, then another... After a "Double Top" of this nature... I'd finally morph my Trading Strategy to adding on strength on a Technical Breakout to new highs - with the caveat that the underlying fundamentals for POG still are positive....and on the downside I don't think I'd be tempted to fish for "value" untill $307 POG & HUI 95-105...again, with the caveat that the underlying fundamental drivers for POG still remain positive. For those that sold the original 2002 Jan to May/June 150 HUI top...and then picked up the 2nd slow-moving HUI 95/102 to 150 run we saw again from the July-Oct pullback lows...they've banked enough HUI points to cover them thru HUI 180-190...so the only prudent thing to do now; is to wait for either deep, deep value @ $307ish POG/HUI 95-105; or buy on a technical breakout to new highs in POG, or the HUI. ...that's a thinking man's approach anyway.