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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: bcrafty who wrote (86678)	12/1/2003 5:03:02 PM
From: nspolar	Read Replies (1) \| Respond to of 209892

Yes I most certainly do. Go pull up a monthly and then a weekly chart of Drooy. Do your EW and TA stuff. Where does it look to be LT? How large should the next move be? Why? What is the weekly RSI doing? What are the weekly candles doing, etc., etc. Hone in from the outside. Will Drooy take off tomorrow? Shit I don't know and I don't care all that much. All I know is I've recently rotated some 3 to 4 bagger profits to Drooy and increased my position. Same type of thing I did with MNP.v and CALVF. Were the latter two laggards for a long long time? You betcha. But right now my 3 to 4X profits I have in those are 10X, and they are going a lot higher. Would I bet the farm on any one of these? Never. In '02 Drooy led. I rotated from Drooy to BGO. In '03 BGO has been remarkable. For whatever reason I overweighted BGO this run, and initially underweighted Drooy. Leaders become laggards and laggards become leaders all the time. I have recently increased Drooy, and may increase some more. Maybe I even rotate some recent 5X BGO profits to Drooy, for a another 2X to 3X. But I like silver and small specers like some of those mentioned, an awful lot, so we will see. If you only invested in leaders you would only hold a few things, like GG, GLG, etc. IMO they have been laggards here now, and don't offer the leverage others like Drooy and others do. So I don't presently hold any GLG or GG, for example. I think Drooy cleared an import R level today. I think chances pretty good it holds. I'm not in the anti SA gold camp, but Drooy is my only SA holding. No particular reason. The SA golds will come around. EW and TA says so, and maybe I will rotate more profits to SA golds. Don't yet know. This gold thing is a global affair. Roffey imo could be the best gold analyst around. You can find a whole compendium of his works in the same site. If you want to trade your way forward the best way imo is slow rotation, to hit the meat of the runs. The NA stocks in general are going through that period right now. A sizeable correction is probably not that far down the road. Maybe the SA stocks will suffer less. I dunno for sure. gold-eagle.com