[JimStudent]

Just to add a comment about the Gold Mining Sector.  There are 103 companies (or close to that) in the Gold Mining Sector.  20 of those companies have made at least a 10% move in the last 10 days (that's one percent a day average).  The Gold mining sector becomes more profitable when the price of gold increases.  Costs remain the same and the product the gold mine is selling can be sold at a greater price.  That means profits go up and the gold mine becomes more valuable.  

I couldn't find the pages in the book but I believe Stan Weinstein wrote about new highs having potential and the traders' way of buying a strong stage 2 at pullbacks.  Maybe someone could correct those statements if I am getting my books mixed up.