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Gold/Mining/Energy : Gold & Gold Stock Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Andrew who wrote (1116)1/14/2004 7:21:59 AM
From: TheSlowLane  Respond to of 29622
 
Andrew - yes they have and many are at their trendlines. Little Joe just pointed out on another thread that FCX has broken its trendline, which is not a good sign for the sector. Unfortunately, Don Coxe is on vacation for a couple of weeks, so I may be forced to think for myself...drat! I have to think that their earnings over the upcoming quarters will be reflecting the increased prices of the metals but that doesn't mean the stocks won't get hit here. Watching it day by day at this point...



To: Andrew who wrote (1116)1/14/2004 9:28:02 PM
From: Little Joe  Read Replies (1) | Respond to of 29622
 
Andy:

Todays review of charts indicates that while the majority of the large cap bell weathers are holding above their weekly trendline, the moneystream indicator in TC-2000 is plunging. I have great respect for this indicator and seldom is it wrong when it moves so strongly.

I have lightened up a lot today and will continue to lighten up over the next few days. I am now considering puts on rallys.

It is likely that at least a short term top is in.

Little joe