International Precious Metals (IPMCF) Message Board

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

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To: tracy chelepis who wrote (4469)	3/20/1997 7:29:00 PM
From: Bruce McGaughey	of 35569

Another triangle formation !!!??? The other night, there was someone here who seemed to be a better TA guy than I am. So, if you're out there, please confirm/object/comment. First of all, let me preface this by saying that 1) I am no financial professional. Just an amateur "hack" with a computer. 2) The "short" story is very compelling. Who knows what will happen with that ?? Anyway, in looking at a 6-month chart, I'm drawing a line from 5.50, through 7.25, which were our lows. I'm drawing a downwardly-sloping line from the top at 14.00 and touching our recent tops. These two lines intercept (make an apex to the triangle) at 10.25. The date for the apex is 3-27 (next Thurs.) The best possible buying point within this formation may be on Monday (3-24), when we MIGHT touch 9.50 Again............this is conjecture by someone who makes his living by selling Tylenol and butt cream. Take it as just something to pass the time.

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