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Gold/Mining/Energy : Newmont Mining(NEM) & Newmont Gold(NGC) -- Ignore unavailable to you. Want to Upgrade?


To: Bexar who wrote (163)5/15/1999 2:10:00 PM
From: ahhaha  Read Replies (2) | Respond to of 587
 
She already sang. Only the crowd's response will be heard now.

ATHM's Friday closing action was short weather.

MACD, etc, are patzer technical tools. They're more coincidental and they never give you conviction. There is plenty of time to play the downside, because the down side will occur differently at different times for different stocks. The FED continues to pump so you can't expect a waterfall continuation. In fact, if we get a good dump on Monday, you have to get off the short side of stocks which have already dumped pretty well. In others later strength in the week should be used for new shorting. Part of the top is this kind of grinding.

I don't know what you mean by preferred groups.

It was an error to sell ATHM. You should ride it down. You make money by watching paper losses grow. When you understand this, you'll be successful in markets. This is also critical in gold. You have to hold in the coming bull market. You can't trade. It will fall all the way up. It has already done that for all of those out there who didn't understand what I meant earlier when I said, "fall all the way up". You're now learning.