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Re: opnion post# 78

Thursday, 06/09/2005 11:19:41 AM

Thursday, June 09, 2005 11:19:41 AM

Post# of 358
I think I'm gonna buy this dip. But, not here where we're oversold on the hourly. I want oversold on the daily. Hope it comes. Even if we are in a new downtrend, that's usually good enough to get a profitable bounce. Given the summations are still pointing up, and the $NASI is off an extreme reading, I can't rule out new highs after a correction.

Have to take it one step at a time. For now, I just want some tidy profits in the hedges I initiated.

Hard to believe how weak NEM has proven here. My hedge is a double for now, but hasn't protected all my profit. It should bounce here.


GT

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