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

To: chowder who wrote (43143)	4/30/2005 7:38:51 AM
From: kodiak_bull	Respond to of 206325

DB, Energy had a few options Friday: reverse, chop, or continue to fall. Speculators were faced with a decision on these stocks as to how to play them, to try to get a position from which to make profits. stockcharts.com[h,a]daclyiay[pb50!b20!f][vc60]&pref=G Any reversal in these names is now at least one more day away, and this may be a setup I took an initial position in Friday may end up as one that yields either less profit or a small loss. That's the way speculation goes. The long side of a downtrend play is inherently more dangerous and less profitable than the short side, and I will act accordingly with position size and risk management. The volatility here, though, is a nice gift. OIH indicates lower for Monday. After the open I will look for signs of either continued vigor in the downtrend or reversal in the works. NBR is at support now, although it may test it more on Monday. stockcharts.com[h,a]daclyiay[pb50!b20!f][vc60]&pref=G RIG could hold here, but more likely is a test of $45 stockcharts.com[h,a]daclyiay[pb50!b20!f][vc60]&pref=G Kb