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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: ItsAllCyclical who wrote (24635)	7/21/2003 11:22:04 PM
From: kodiak_bull	Respond to of 206372

ItsAll: Each of us has a different timeframe and different goals. Everything I look at on the chart says the bottom isn't in yet. Some people want to buy at $5 today and are willing to let it sink down to $4.50 or $4 next week and perhaps buy more. I'm going to watch this one closely and try to see when the sellers dry up and the buyers show up. Problem is, when I look at the price action and the volume bars, volume is strong on the days when it's sliding and weak on the days when it pauses or hiccups or burps in a sideways direction. TA is a very rough art, so there's no predicting where RRI might stop its slide, but for me, if I'm going to buy at $5.20, it will be after an "event" that I can see on the chart. RRI has been too good to me this season for me to change my methodology now, but I do have a lot of respect for other approaches. Kb