[CANSLIM] Gold setups

From: Eric Jaenike <ericjaenike@yahoo.com>
Subject: [CANSLIM] Gold setups
Date: Tue, 24 Sep 2002 11:45:12 -0700 (PDT)

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If canslimmers are looking for plays, I would consider the gold stocks here. AEM, AU, GFI, RGLD, GLG, HGMCY, MDG, NEM. Notice the large number of cwh setups, good RS, proper "story" for current environment. In a sense, M is actually correct for these stocks, as they tend to be inversely correlated with the market.

Note also RGLD breakout leading the group, holding up well so far and acting properly.

I would NOT consider any other longs as eligible for purchase. I consider the golds to very "nichey", specialized stocks.

Eric



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<P>If canslimmers are looking for plays, I would consider the gold stocks here. AEM, AU, GFI, RGLD, GLG, HGMCY, MDG, NEM. Notice the large number of cwh setups, good RS, proper "story" for current environment. In a sense, M is actually correct for these stocks, as they tend to be inversely correlated with the market.</P>
<P>Note also RGLD breakout leading the group, holding up well so far and acting properly.</P>
<P>I would NOT consider any other longs as eligible for purchase. I consider the golds to very "nichey", specialized&nbsp;stocks.</P>
<P>Eric</P><p><br><hr size=1>Do you Yahoo!?<br>
New <a href="http://rd.yahoo.com/evt=1207/*http://sbc.yahoo.com/">DSL Internet Access</a> from SBC & Yahoo!</a>
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