For gold stocks and rangy particulary as market leaders homebuilder sector will tank and gold price is likely to rise next week. mr. Dine was on nightly business report on friday recoomending gold stocks.
rangy has closed on weekly basis in upper half which is bullish pattern per ibd and i think it will break new high next week.
RANGY just doesn't seem to hold gains. Round and round we go, a little bit up, a little bit down, but usually we end up where we started. I've decided to stand pat until POG reaches 400. If RANGY doesn't participate in the rally then it's time to truely reevaluate. Don't know when we'll see 400, maybe in a week, maybe by end of year or early next. Doesn't matter, I'm gonna stand by my investment decision 'till then. BUT, if RANGY isn't running with the bulls when the 400 party begins, I'm going to close my position. Of course, we all know that's when the stock will take off ;o) -Stencil