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Gold/Mining/Energy : Global Platinum & Gold (GPGI)
GPGI 25.30+3.4%Feb 9 3:59 PM EST

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To: Zeev Hed who wrote (2250)3/18/1997 10:37:00 PM
From: TATRADER   of 14226
 
Zeev, as long at it closed above support, no technical damage intraday...We now have formed a symmetrical triangle with apex at 2.75....As prices work their way along in narrower and narrower fluctuations toward the apex, volume ebbs to an abnormally low daily turnover...Then, if we are dealing with a typical example, comes the action which first suggested the name coil...For suddenly and without warning, as though a coil spring had been wound tighter and tighter and then snapped free, prices break out of their Triangle with a notable pickup in volume, and leap away in a strong move which tends to approximate in extent the up or down move which preceded its formation....The only problem with this stock formation is there is seldom a clue to tell in which direction prices are going to break out of the pattern until the action finally occurs....MACD remains bullish at 0.201 by 0.1476....

Good luck faithful.....Dick Jensen, we await the news on imminent financing and the news of legitimate cash flow.....

The believer, Mark
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