richard russell, page-2

  1. 209 Posts.
    Don't know what Richard Russell would say but Jim Sinclair says: -

    Jim Sinclair's MineSet
    Thursday, 29 May 2003 1:22 PM

    I am a sounding board for the Gold Community. Our troops are getting too
    uptight about their share positions for our own good. Traders should place
    close stop loss orders covering a portion of their position so if a
    reaction is established prematurely, the trader will have funds set aside
    for repositioning.

    I see no end to this bull phase but rather the construction of the right
    shoulder of a reverse Head & Shoulder if it occurs. In time, that will
    result in a bullish pattern and significantly higher prices.

    Lightly sell into strength in and through next week as that bullish pattern
    is likely. In no way do I see an end to the positive market in gold. All I
    see are too many nervous people not really in gold as insurance trying to
    beat each other to the head of the line. I chart the trend of all my
    incoming emails.

    To Review:

    Again, my suggestion is to place close stop loss orders and sell lightly
    into strength should that develop this week and next. Should this dip turn
    into a reaction consuming time, it will be shallow in price as compared to
    the previous events.
    ===========================================================================
    Message sent on Wed May 28, 2003 at 8:16:39 PM Pacific Time
    ===========================================================================
 
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