International Precious Metals (IPMCF) Message Board

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Gold/Mining/Energy : International Precious Metals (IPMCF)

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To: Daniel M. Whipple who wrote ()	1/22/1997 11:04:00 AM
From: Bruce McGaughey	of 35569

Speaking of TA : I'm sitting here looking at a 10-day chart and I'm seeing what's known as a "High-Tight Flag". It's a pattern that sits on a "pole" and resembles a pennant or flag, with the flag narrowing into an apex. For the record, the apex should be reached in the next 2 hours. Now, the time is 10:00 am, CST. The apex should be reached by 12:00 Noon, cst. These formations are ususally continuation patterns. This means that we should contunue upwards. This move looks very strong. We've had one unfilled gap. We should get a couple of these "HTF" formations, this being the first. You hardly never get more than 2, though. I have no idea where we're going. But, I do think we're going higher in the short-term. There has been talk of a press release next week. Hope so...and hope it's good.

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