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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: carranza2 who wrote (29666)	2/20/2008 2:58:30 AM
From: TobagoJack	Read Replies (2) \| Respond to of 217561

thank you carranza2 i am enjoying the process and it has been so very interesting even though it had been truly dire at several junctures perhaps i am in dire straits now, just do not know it might as well enjoy the direness of it all fyi, e-mail exchange with one who uses no capitals one must still be very careful of potential head fake moves in both directions - based on what has happened since Aug. of last year (read, stops must be relatively tight). my biggest worry is the general market. it gives me the willies. it's been diverging from credit and CDS spreads recently, all of which are hitting new wides as of today. so the broader stock market strikes me as uncommonly dangerous here, even though sentiment indicators would argue for a bounce. it's one of those situations where traditional indicators could suffer a short term failure. well, that 'character change' in gold stocks seems to be occurring now, especially if today's gains are followed by follow-through buying soon. look e.g. at DROOY breaking upward from a down-sloping triangle: stockcharts.com consequently i added to the position now, on the idea that this break-out could be meaningful. what else would i buy? CDE, GSS, HMY, KGC, GRZ among the liquid issues - they all look good to me here from a technical perspective. and yes, one pays more than a few days ago, but one can buy with more confidence, as the market has tipped its hand. HMY's earnings report contained a some 'hidden' information (beyond the reported headline loss) that was quite bullish. its Rand-based chart is beginning to look bullish now, the dollar-based chart needs one more up day to do so. this one, along with GFI is the cheapest major producer stock now.