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

To: kodiak_bull who wrote (42761)	4/27/2005 10:21:52 AM
From: kodiak_bull	Read Replies (1) \| Respond to of 206326

Just a little update on the TOL trade idea: Currently trading at 75.65, about $2 of profit on the way to a potential $8 of profit. After the close today would be the time to adjust the stop to slightly better than breakeven (if today continues down). Breakeven is 77.60 (the starting point) and with a negative candle today I would probably adjust it to 77.12. On a big negative candle day (where it breaks below 72) I might tighten the stop or simply watch it very closely and exit on a reversal signal. On XLE, the spider is turning south as seemed likely in my previous post, the downtrend is intact so far. OIH, RIG, as per previous posts. Good trading to all, Kb