Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Barrick Gold (ABX) -- Ignore unavailable to you. Want to Upgrade?

To: Ross who wrote (592)	4/22/1998 10:08:00 AM
From: Zardoz	Read Replies (1) \| Respond to of 3558

As a Technicain, {which I am as well, but I do try to read those boring fundamental stuff} you should appreciate the line created from this trend... (SUM(HIGH,21,0)+SUM(LOW,21,0)+SUM(CLOSE,21,0))/63 which is nearly 100% straight. And is part of the Bollinger Bands. This suggests a large short/long positioning taking place. I think it'll be time to buy Puts soon. PS: The US dollar is controlling the Gold spot price.

To: Ross who wrote (592)	4/22/1998 2:28:00 PM
From: ahhaha	Read Replies (1) \| Respond to of 3558

Elliot Wave and Fibonacci are just psychological gages. Maybe they are self-fulfilling. If it works for you, work it. What you're doing is fine-tuning. It isn't necessary to be so cute. You miss the forest because of the trees. Penny wise, pound foolish. Sometimes you just have to put the money down and take a chance. If you perceive the risk/reward isn't there, don't do it. There's never any guarantee of success, but when you feel uncomfortable, that's the first indication that you're right. When you want to sell after a rise, don't. The hardest thing to do is to let your profits run because you don't believe while everyone else is starting to. It's when you feel smug and sure of further advance that it is time to sell. Reading your own emotions is one of the best timing devices. This isn't of much value when invested for the long term. In that case you ignore it and do something constructive with your time. Don't watch that pot and let it boil. When ABX is at 60, what will you think of whether it got back to 21.375?