That is simply how Senor is currently viewing it - that may change. It is up to each person to manage their trading as they see fit! And anyone else is certainly encouraged to use a stop. Senor would certainly view any HUI decline below 178 and especially 172 as a good reason to be out of long gold stock positions. BS as usual.
Senor
Gold stocks ready to rock
Started by
senorBS
, Aug 13 2004 08:41 AM
22 replies to this topic
#22
anjing bau
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Posted 13 August 2004 - 03:51 PM
the base buiding phase is where we are in terms of the HUI.... what we need to have follow is the breakout phase, where stocks begin to move above resistance...
MDG for example...a move above 14.05
AEM.... 13.80-14.10 zone
GG ... a move above 12.60 - 12.90 zone
PDG... 16.50 (then 17.40)
NEM... clear 42.60
watch for breaks of the resistance level
BGO KGC GSS EGO are the group in phase behind the aforementioned. They have just put in a test of support or in some cases a lower low. they are further away in terms of time and price to breaking their resistance levels. On a positive note the longer these base building patterns continue the more powerful the move out of them will be.. as per Wyckoff
something like GRS was the last too top and is now just probing for a bottom. he has the whole base building phase ahead of him.... while NG is showing great fortitude
#23
anjing bau
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Posted 22 August 2004 - 03:02 PM
Well as per my post of the 13 th we have had the breakouts I have talked about. Now comes the retest of the breakout area to make sure this was not a FAKEOUT>
Bulls don't have control of the game just yet. A succesful retest and a greater number of stocks breaking through there TR res levels would swing the ball into the bulls court.... The bears have not been played off the court just yet.... 
Edited by anjing bau, 22 August 2004 - 03:03 PM.
