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Strategies & Market Trends : Longer-Term Market Trends -- Ignore unavailable to you. Want to Upgrade?


To: taylorfife who wrote (2037)11/24/2008 7:19:29 PM
From: morokko65  Respond to of 3209
 
the battle for $850 gold may be a good one, with another battle at $950....

the-privateer.com



To: taylorfife who wrote (2037)11/25/2008 12:02:53 AM
From: AllansAlias  Read Replies (9) | Respond to of 3209
 
No, I have not added to miners. Very happy with call so far on the buy, but I will tell you what I am waiting for...

Out of this low, the Oct low, we see a drive up, a nice retracement, and another drive up. So far, this could be nothing more than a correction -- up/down/up, and the overlapping is pretty obvious. In other words, it could be the "I am a low early" problem that I very half suspected.

If we continue to drive, confirming this as not looking like a correction, then we are in trend mode and that is when I would add another 25%.

Cheers