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Re: 3.38 / Goldstar40

over 14 years ago

in response to lucky lady's message

Good morning LL

Wow, that was sure an ulgy goof...should have read resistance 3.65 - 3.70

my apologies.

If you are looking for an entry point, there are a few possible scenarios:

3.38 should now act as support...buy 1/3 of you position and use that level as your gauge going forward.

If it fails 3.38 you could pick up the next 1/3 at 3.22

3.09 is my low support level...I have bought on each of these points.

With good market conditions and volume I see the next level being 3.65 then back into the $4 range...but thats the kicker, what is the overal market going to look like this week?

My guess based on fridays activity...probably pretty good. So don't miss the game, buy a part of your position, just not all of it so you are prepared for any market corrections.

Just my way of playing safe...good luck

GS40