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Frank Pembleton

05/26/06 10:46 AM

#15795 RE: Chary #15793

C ... ever since we broke the uptrend-- (note the SAR on the chart below) I've been trading gold as if we're in a bear market. I'm essentially reflex trading, buying the massive sell-offs and selling into the short-covering (and you can see this by watching the volume on a EOD equity charts)

nothing more, nothing less-- just cash up and wait for the next opportunity.