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


To: chowder who wrote (8722)3/3/2007 2:31:25 PM
From: smh  Read Replies (1) | Respond to of 30080
 
Thanks for the reply Dabum. Something at the end of your response prompts me to ask a followup;

<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.>

I am thinking that the U sector should be the first sector to turn around out of this broad correction. (...the beach ball under water analogy). Also, supported by Don Coxe comments (see below), I am thinking this is not a crash. Furthermore, my sense is that there is a growing crowd (including the pros) anxious to enter this small sector. Therefore I am wondering if a U sector reversal might begin as soon as Monday. The above seems to indicate that you see more strong selling coming in the sector. If so can you explain why you think so?


Don Coxe Weekly Webcast
events.startcast.com

Posted by TSL on another board;

"Coxe thinks that what we have just seen is primarily a hedge fund event and not an indication of an imminent crash. The indicators that he watches to see if something really bad is happening are not indicating that this is going to get much worse. He thinks that if you have cash you should be starting to put it to work. No guesses as to exactly when the bottom will be in..."

Thanks again
SMH