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CaribbeanJim

11/30/07 6:36 AM

#35494 RE: Tech Investor #35493

Hi TI, my system says miners will be a good play soon, but not right now. Gold is the main reason why I am waiting. It is still "resetting" its indicators from an extremely overbought WEEKLY RSI condition. I will shift money and restart a small position (5%) in miners when I see the MACD crossover on the daily Gold chart. (I expect Gold to bounce at the 50dema to create this condition.)

I will get more aggressive (up to a 20% position) with miners if any one of my other triggers occurs. The "easy money" in miners has been made so I am waiting for the "attractiveness" to return... and that usually takes people holding miner positions to get discouraged.

So far, things look good for this signal. DAX and Nikkei up 1.5+% overnight. This system tries to start off with a profit right off the bat and miss the churning off the bottom... it is a good stomach relaxant. This system also attempts to pick funds that should outperform the SP500 during the signal.

Usually, once the run has gone for at least four weeks, I have triggers that could occur to start harvesting profits before I get the sell signal.