Replies to post #5319 on Mining Sector Ideas

[bigworld]

gfp: Better to stay on the sidelines for now. This was posted by Rinear earlier this morning:

Insiders Club Update
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?4.9.2026

Mornin all...

The S&P 500 triggered a rare technical event yesterday, gapping above both its 50D and 200D moving averages simultaneously.

This looked weird to me, so I did some digging.

Since 1950, this specific signal has occurred only four times. In every instance, the index faced significant pullbacks shortly after. The average three month drawdown following the signal is -9.51%, with the worst three month drawdown reaching -12.92% during 2018.

We shall see.

The futures are red across the board with the DOW implied down 210.

Profit taking from yesterday? Or a sign that yesterday was an unrealistic hope surge?

We shall see.

Tensions are still high in the Middle East, as can be expected.

Best we can do is watch what they do with this open.

Keep an eye on COHR

[bigworld]

GFP: I started probing for a price with SILJ today. I don't think this truce or suspension of massive bombing is going to last. With that in mind I placed some orders today for SILJ.. I put in orders to buy 1,000 shares at $30, $29 and $28. Headlines could cause ripples in either direction. I don't want to chase price. I just have a gut feeling that we have one more sell off coming. Just instinct.