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Strategies & Market Trends : Natural Resource Stocks -- Ignore unavailable to you. Want to Upgrade?

To: ItsAllCyclical who wrote (16387)	10/14/2004 1:57:52 PM
From: isopatch	Respond to of 108679

IAC. FWIW, think that's a wise approach. Pays to be careful in a volatile market where it's so easy to get blind sided by dollar support operations which aren't always easy to anticipate. Trading around core holdings, as you're doing is one of the best ways I know to manage risk so that it remains within the bounds of your individual risk profile. Isopatch

To: ItsAllCyclical who wrote (16387)	10/14/2004 5:48:37 PM
From: jimsioi	Read Replies (1) \| Respond to of 108679

IAC, so how did you end up be the end of the day.. You thought you'd trim down to 35-40% miners if things didn't improve...they didn't...Happily got out of what I did and wish it had been more before what strength there was in my flock largely disipated... GRZ looks headed for a visit of the indicated "buy zone" on the chart below without having achieved my lofty dreams...(Reduced at $4.70) stockcharts.com[h,a]dacaynay[de][pb40!c200!i!f][ill14!lp14,3,3!le12,26,9!lb14!lm12!lya7,14,28!ld20][J36993973,Y]&pref=G Likely should have sold some WTZ (did have an order in that didn't get hit)...appears to have returned to the breakdown point on this chart that I drew up a week or so ago....Real classic DMI hook formation and following divergence to price (actually seen on many miners.) Time to have gotten out of that was three days ago..(Just real hard to give up those bullish passions and believe what had been so strong could weaken significantly...this one did by 20% off the top).It came back today to the $8.80 area from which it fell in one high volume trade yesterday to $8. Something was funny about that...I'm thinking there was a mistype of some king from $8.80 to $8 that sprung a whole mass of stops.... stockcharts.com[h,a]dacayiay[dc][pc20!c50!f][vc60][ilb14!ll14!lya7,14,28!lc20!le12,26,9!lp14,3,3!lm12][J28890481,Y]&pref=G Be real interesting tomorrow..... Over and out.... jims101 Be