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

To: A Horse With No Name who wrote (34485)	12/11/2003 10:29:38 PM
From: Andrew	Read Replies (1) \| Respond to of 36161

Right now I have bought back into some golds for this "bounce". Message 19582472 chart.bigcharts.com chart.bigcharts.com In general I do my trading combining 30 and 60 minute charts with daily and weekly charts. I am very cautious here. The HUI did get support on the 50 day MA. There was a point where I didnt make a single trade in my gold portfolio for over a month. From here I am trading the large cap golds off the 30 and 60 min but I continue to hold some juniors which I haven't traded. In hindsight I should have sold them too. The 60 min XAU chart has the same basic shape. chart.bigcharts.com I am fairly convinced that the gold stocks have begun a correction and really HUI 186 isn't very far away from the 220 low that was touched today. I guess you could call todays candle a hammer. USD dollar got smacked down again after the BOJ intervention and is getting support on a trendline. Have to see how the USD hold up quotes.ino.com In short I think I will be trading golds until I feel the gold stocks have made a clear bottom. Today was IMO a short term bottom and the bounce can continue tomorrow or further. I'm more looking at when to sell right now than buy. The 30 and 60 min charts will tell me when to sell.