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Gold/Mining/Energy : Uranium Stocks -- Ignore unavailable to you. Want to Upgrade?

To: smh who wrote (8721)	3/3/2007 9:04:13 AM
From: chowder	Read Replies (1) \| Respond to of 30075

Thanks for the welcome. I appreciate it. >>> Some of the chart notation appears to indicate sale based on intraday action. Can you clarify please? <<< Good question. It depends on market conditions whether I sell intraday or end of day. There are two things I focus on in addition to whether the broader markets are selling off or just having a normal correction. I look at the size of the bars. Are they a wide range bar or a narrow range bar? In the example of LAM.TO, you had 3 red flags pop up on the same day. 1. Price gapped down below the upper band at the open. 2. This automatically triggers the first 1/2 position being sold. 3. The overall market was selling off later in the session. Additionally, price was showing a high volume, wide range bar and to me, that's a sell immediately, if not sooner. Thus the sale of the remaining 1/2 position. I use technical analysis to show me the foot prints of professional money. Those foot prints are the volume patterns. It's professional money that drives prices in either direction. I like to buy when I see break outs accompanied with a high volume, wide range up bar. This tells you that professional money is accumulating and the odds increase exponentially that they will drive prices higher. Here is an example of that: Message 23336112 I will sell when I see price break below support accompanied by a high volume, wide range down bar. This indicates that professional money is selling their shares and the odds increase exponentially that prices will continue to fall. The coming days should provide examples of that in the U sector. So, in summation, it depends on the condition of the market.