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Gold/Mining/Energy : DEJOUR MINES (Toronto:DEJ)
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To: Ed Pakstas who wrote (520)7/15/1999 7:05:00 PM
From: Tony from Niagara  Read Replies (1) of 571
 
Ed,

I appreciated your post, albeit reading it late (7/15).

What I see is twofold.

First, the recent upward move in price may have been a technical reaction of filling the gap which occurred on 6/15. If I am correct, this is (at least) short term bearish.

Second, a Raff Regression Channel drawn between 6/15 and 7/9 extended back in time appears to encompass almost all trading between 2/1 and 3/23. Perhaps this suggests that the long term base trendline is a doubling of minimum value every 75 days (or 400% per annum). If so this is intermediate term bullish.

Regards,

Tony
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