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Gold/Mining/Energy : Big Dog's Boom Boom Room

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From: chowder	6/17/2008 4:21:19 PM
	of 206182

Re: GSX ... What a nice finish for GSX. Daily chart: This is a very nice long term pattern that has been established. Look at the weekly volume patterns the past 6-8 weeks, on the chart below. That's a lot of buying, very little selling. Excellent breakout from the lows, nice sustained price movement! I like it. Now, I expect price to stall in the $5 to $6 price range because you have quite a few share owners who are still holding that bought in that price range a couple of years ago. Human nature being what it is, some of those folks will want to sell and get out even. I'll take "some" profits off the table as price approaches the bottom of that price range and load up again once I see another base and break out form. Weekly chart:

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