Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: Frank Pembleton who started this subject	1/12/2003 2:32:33 AM
From: jimsioi	of 36161

Checking out the HUI Weekly. Down week for the index of unhedged mid and larger cap miners....Close was above the previous week's opening and the week before that's close. 50 day ema is at 136.85....very key support if there should be a break. PPO is still rising and the DMI is in a bullish configuration...the bearish red line would hook up if a lower low was made this coming week. The action on the daily was very constructive on Friday. UP turns in STOS, DMI RSI and Ultimate all occurred....we kinda needed that... stockcharts.com[h,a]wbcaynay[d20010711,20030111][pc10!c40!f][iut!Le12,26,9!Ll14!Lp14,3,3!Lb14!Ld20!Lya7,14,28]&pref=G Trend is quite obviously still up. Failure to hold Friday's low and last week's low would very likely produce a turn down to the 136 area from which I'd need to see a pretty snappy recovery to feel the short term bullish trend was still intact. The 20 day ema is at 142, also the point of a cluster of daily lows...

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