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To: imawit
"Overbought" is a technical term, meaning that it is getting above the trend lines. So, at some point it will presumably have a correction or a pullback before resuming its uptrend.

My own reading is that there may be a bit of a correction soon, but then again there may not, because we are probably on the verge of a huge long-term bull market in gold.

I bought a few shares of a junior Canadian gold stock on Friday when the market opened. It had closed at 2.14 the day before, so I was rather upset to find that I had paid 2.34 for it. But by the end of the day, it closed at 2.68. What will happen when the market opens tomorrow? I don't know.
5 posted on 01/05/2003 6:22:42 PM PST by Cicero
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To: Cicero
What was the name of the Company ?

Thanx
8 posted on 01/05/2003 6:27:10 PM PST by qwert
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To: Cicero
Yeah, I understand the technical aspect but the trend lines are on phony manipulated points.

Pardon the little game. I was trolling for that comeback.
14 posted on 01/05/2003 6:45:27 PM PST by imawit
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