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Strategies & Market Trends : Contrarian Investing -- Ignore unavailable to you. Want to Upgrade?


To: jimsioi who wrote (199)9/17/2006 1:29:07 AM
From: jimsioi  Read Replies (1) | Respond to of 4080
 
Williams % R on the weekly chart

Using Williams % R on the weekly chart might be more helpful than on the daily where it gets over sold rather quickly. It seems to me the time to buy is when the indicator reverses up from over sold...It also appears that HUI to 260 is possible if the Williams indicator is going to get over sold in this instance....In any case it looks like we are weeks away from a low...

stockcharts.com



To: jimsioi who wrote (199)9/17/2006 1:53:20 AM
From: pcyhuang  Respond to of 4080
 
The Gold and Silver Sector:

I think you may be right about our being a bit early in buying into the gold & siver sector. However, my experieces tell me that this may be a good time for an intial position, then gradually do a second wave of buying if the portfolio as a whole has declined by 5% or more. Finding the exact bottom is never easy; in searching for the absolute, one often misses a good opportunity.

pcyhuang