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

To: isopatch who wrote (24854)	5/13/2005 4:14:38 PM
From: ItsAllCyclical	Read Replies (1) \| Respond to of 108650

>> Maybe I should tell him this is a traders thread. << I think he realizes that. You need to put into terms he can understand. We value profits above being "right" (fundamentally speaking). <g>. Actually I hated the internet mo-mo traders during the tech run in the late 90's so I can understand the sentiment, but it certainly doesn't help your trading. COTs showed big improvement again, but currencies have more work to do. Yen breaking below uptrend channel, 92 area comparable to 1.275 on the Euro. Everyone talks about HUI 150 like it's rock bottom. Go back and view the NEM and LT HUI charts. There's no reason why we can't get HUI 120 again especially if we get POG 375 or lower again. Not a scenario I favor here, but that's part of the reason why I'm not buying big here thinking I can just add more at HUI 150 if seen. Until there are better signs of a bottom I'll continue to respect the trend regardless of FA. Getting tempted on some issues, but TA wise many issues in no-man's land and it wouldn't take much to send them another 20%+ lower.