I am still holding my full basket long from near yesterday's low, still not sure if this is a wave 4 bounce in C of the decline, or if we bottomed off the 200 ema in the hui. Its a good setup for a bottom, but still keeping a close eye on things. EGO is popping nicely.
Gold stocks bouncing
Started by
teki
, Apr 16 2004 10:26 AM
5 replies to this topic
#2
hiker
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Posted 16 April 2004 - 10:37 AM
I traded in Wed out Thurs on selected golds. Waiting for the dust to settle now. No hurry here in my opinion. Just the way I am playing it. Other sectors for entry yesterday and exit today with profits...oil and gas is getting my action following the Tom Brown impetus, etc.
#3
teki
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Posted 16 April 2004 - 10:40 AM
Thanks hiker. KCS still looking ok in the energy world. And TSO looks like it quietly consolidated the last gap up.
#4
hiker
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Posted 16 April 2004 - 10:40 AM
also the fuel cell sector seeing action from the open - FCEL, MCEL, HYGS. I am now flat this sector after catching part of this run. Will see what they do Monday....
#5
hiker
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Posted 16 April 2004 - 10:41 AM
yes, TSO long term may be a winner long term . Am scaling in on dips unless the sector breaks down.
#6
teki
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Posted 16 April 2004 - 11:08 AM
I just took my profits in the gold stocks entered yesterday monring using the sell signals on the hourly charts. Will renenter when the daily charts show some more strength, or maybe the next hourly buy signals.
