Mostly: Classical

[Frank Pembleton]

of course I follow all the big caps-- but I follow them using T/A only.

-- some people prefer to buy twenty or so small caps and hold them for the long term by understanding the fundamentals. I prefer taking large positions in big companies and using max-margin in order to catch small 5% moves by understanding the technicals.

-- in bull markets, I position myself as either bullish or neutral. In bear markets, I position myself as either bearish or neutral.

In regards to gold, I'm neutral-- I won't do any buying until it's technically safe to do so. I'm not shorting gold stocks because we're in a bull market which leaves me in a state of neutrality.

Why am I neutral...?

Because I was selling on Friday, we gapped up first thing in the morning, and whenever we gap-up without follow-through I automatically sell. IMHO, the selling persisted, abeit lightly throughout the day.

Colour me neutral, since my goal is to capture small moves with highly margined positions.

..but I do consider gold stocks in a bull market because;

- the 20-35-50-day MAs have reverted back to the positive.
- the XGD.TO is trading above the 200-day MA