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Gold thoughts.


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#11 TAfool

TAfool

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Posted 04 June 2004 - 11:56 AM

tafool, what would be a buy signal for you? I bought nem this morning @ 38.00

scott


Since gold hit the lower target number it's on a close watch for me. The May low looks good for a potential bottom (at least for some sort of intermediate run) but I am waiting for a good signal. That signal would be in the form of a nicely bounded pattern -- I'm primarily a pattern guy so that will be my cue. In additiion; a fib relation, volume confirmation and one indicator (I like an RSI 14 period daily avg.) would be really nice.

As you can see from my responce time, I don't short term trade. Four week holds are about the minimum for me now.

If I do post a trade here I always post before the trade is made, usually at least 12 hours beforehand.

Regards,
TAfool