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To: NOW who wrote (154303)10/30/2007 9:38:08 AM
From: skinowski  Read Replies (1) | Respond to of 209892
 
reason to be out?

Probably not. PM's are in a big bull market. Even if I'm right and this is the 5th wave, it may be only 1 of 5, or it may keep extending... or, it can evolve into a big ED which may keep stretching up for a long time.... Maybe the way to go is to hold a core position and keep trading around it, depending on extremes in sentiment, shorter term structures, etc. Sooner or later PM's most likely will have to "rest" for a few years.