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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: chowder who wrote (82816)	4/10/2007 11:12:41 PM
From: roguedolphin	Read Replies (1) \| Respond to of 206183

OIH......I'm seeing some minor negative divergences here on the stochastic and RSI. Money flow is positive but in a territory where reversals could occur given the action in stochastics and RSI. stockcharts.com I'd be careful if long here at $152.00.... JMHO...... Rogue

To: chowder who wrote (82816)	4/11/2007 1:09:43 AM
From: buckbldr	Respond to of 206183

Re: OIH...>>>>Look at an indicator I call Momentum Bands! Price continues to ride the rising upper bands. In the case of OIH, I wouldn't even consider selling until price closed below the middle band.<<<< Thanks for that, Sir Bum. You might post another chart for XLE which exhibits much the same pattern of momentum bands, and which has had some bearish opinions recently expressed about it. As you have proven time and again, there's no need to sell until those momentum bands have shown their sell signal. Buck

To: chowder who wrote (82816)	4/11/2007 8:22:54 AM
From: CommanderCricket	Read Replies (2) \| Respond to of 206183

Twice a year almost like clock work, the street sells this sector down hard and it usually comes on like someone turned off the lights. I have taken profits, wrote a few ITM calls against positions for May and will let the rest ride. Almost have the year in the bag so there is no reason not get a little more conservative going into May. May not get as violent as last year but this sector will sell off before summer. CC

To: chowder who wrote (82816)	4/27/2007 5:35:57 PM
From: chowder	Respond to of 206183

Posted on 4/10 ... >>> Re: OIH ... >>> Anyone selling into this rally? <<< For Heaven's sake, why? Look at money flows! Do they look like they are getting weaker? Look at an indicator I call Momentum Bands! Price continues to ride the rising upper bands. In the case of OIH, I wouldn't even consider selling until price closed below the middle band. I understand selling into strength, but I also understand letting profits run. We must learn to balance the two. Message 23444522 Original analysis calling for ... >>> Short to intermediate price target $165. Longer term $192. Stop $125. <<< ... posted here: Message 23393214 (Price came within 55 cents of the first profit target today.) Here's the daily chart using money flows and the Momentum Bands.