SP Rise, page-75

The whole commodities market is depressed. And has been for a while now. It does not matter which stock it is. It is probably down 30, 40, 50% or more. But in the long run if you buy in these depressed times you will do very well. At least commodities have real intrinsic value. I was a shorter of them when they were near their peaks. And have done very well. Now I am a buyer and an accumulator in the mining sector. No one can tell the day they will bottom or top out. But if you can buy and sell at those extreme conditions you will always do well in the end. My IGO sell recommendation was based more on my daily and weekly charts. Everything was just ticking down at that stage. Also IGO was quite overbought. This all indicated that the stock was about to sold off. I also have a personal fear/greed indicator 0-20. Above 15 is the stage to be looking at selling or shorting. While below 5 is a time to be buying. It was around 17 when I said sell. It is currently closer to 3, so almost at maxi mine fear. Just because greed is above 15 does does not mean it is at the complete top. Or if the fear is below 5 does not mean it is at the complete bottom. But when it does reach those levels, it is time to be looking for turning points and a change in the trend direction. Since it is below 5 it is certainly in the buy zone. But then again all commodity plays are below 5. So there are many long term buying opportunities in that sector. With huge upside potential if people have the patience to hold and wait.