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Re: PENNYPRINCE 1 post# 230281

Tuesday, 04/13/2004 10:35:50 PM

Tuesday, April 13, 2004 10:35:50 PM

Post# of 704044
You got to be patient and not fear losing the "golden opportunity". Gradual deployment, and yes, some time not participating in a full move (like my last exit from NEM was quite premature, leaving some $2/$3 on the table). Mind you, NEM has made a bad double top and the last surge to $47 did not take that $50 out, despite gold making a new recovery high, that kind of divergence is a bad sign, thus a closing of NEM under $40, would bea signal to abandon the golden boat for a little while, maybe a longer while.... Such a move would be breaking the "neck" of a double head/double shoulder formation (now, that is one expression I have never heard before <g>). Right now, I am assuming that will not happen, if it does, I abandon ship....

AZH

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