Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: SliderOnTheBlack who wrote (25203)	5/23/2005 4:13:42 PM
From: isopatch	Read Replies (2) \| Respond to of 108672

Slider. >The only thing that scares me here... is that suddenly everyone is extremely bullish on goldstocks< I'm seeing the same thing. Intermediate Term bottoms R characterized by disbelief and skepticism, in the early going. But, there's been very little of that in the past few trading sessions. What we're seeing instead is the same ole massive piling into long positions we've had on every ST counter trend rally YTD. I'm continuing to trade ST setups, here and there (to pay the bills) until the various data sets I work with (sentiment being one of them) point to an important bottom. Maybe it'll be HUI 150. Maybe 140. Perhaps even lower. In my work, will only know when we get there, make the big turn and get the price/volume confirmation I want to see before I put a lot of this cash hoard to work. Isopatch

To: SliderOnTheBlack who wrote (25203)	5/23/2005 4:44:22 PM
From: Crimson Ghost	Respond to of 108672

Your volume comments apply to the overall market as well. Light volume makes the recent rally suspect IMHO.

To: SliderOnTheBlack who wrote (25203)	5/23/2005 8:11:28 PM
From: hubris33	Respond to of 108672

Slider if volume is the key to a new PM rally then so far we're off to an inauspicious start. I agree with your premise on volume. GG, NG, GOLD, KRY, MDG, NTO all look to have anemic volume. From this seat, the pattern of last week's move in GG & NG looks a lot like the weeks of April 18 and May 2. Looks like we had our week up, now comes the week of hard down. Just don't like to see prices rising on lower volume. Both of these are particularly effected with a case of disappearing volume. So the only question remains, does yours truly possess the kuhunas to short some of these? Or is that wild stupidity? <ggg> H3