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Gold/Mining/Energy : At a bottom now for gold? -- Ignore unavailable to you. Want to Upgrade?

To: Vieserre who wrote (1381)	7/10/1998 6:32:00 AM
From: Bobby Yellin	Respond to of 1911

That is an extremely interesting point made by Livermore..that is also why I get exhausted.. I realize that there are different players in the market..the value players who refuse to play the game and just wait patiently for their time to come the momentum players who could care less about fundamentals and just try to caught each trend and jump off in time the shorters or hedge funds who look for overvalued stocks or look for overbought sectors I think some of the random walk in individual stocks is pure pyschology...hold a stock down long enough to create doubts in the holders of the stock or options until they lose patience.. hold down a stock which has great news to make people doubt the great news.. or another is probably to allow some big trades come into or out of the stock..the search for a big block of stock so that might take time there also sometimes look like stalemates..one holder might be forced to sell since somebody is giving the message that they will not allow the stock to go up until they let go..deeper pockets against deeper pockets.. a few years ago I watched the trading closely on noble drilling..wow.. you should have seen the huge blocks crossing..it was like a painting in progress...the big move different occur lately but it was interesting to see the setup... I truly respect Ahhaha but I just don't agree with him on market manipulation... One of my friends works for a hedge fund with a computer driven model..the fund has been so incredibly been successful both in up and down markets..it is closed to new investors...that it is so successful it strongly suggest patterns that are discernible.. also I attended some lectures back in the early nineties..Abby Joseph cohen was one of the speakers...she predicted this bull market based so much on demographics and baby boomers saving..among other things.. a few of the people predicted it would run into 1999...based on history....