International Precious Metals (IPMCF) Message Board

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

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To: Kevin Batey who wrote (4690)	3/24/1997 3:59:00 PM
From: Rashid Garuba	of 35569

Kevin, You know, this is why TA is an art. Formations are almost never perfect What we do know of the current "shape", is the uptrend that created it, and the fact there is impending big news on the horizon. Having said that, there is another difference between this and the last few: this is taking longer to build (which is better) and the daily price ranges have moved from one side of the triangle to the other, whereas in the others were shorter and more confined in their price movement. In order for any triangles to be reliable, I feel they need a mast, which we definitely have in this case. Another possibility is that IPMCF has created a new trendline connecting 3/12 and 3/18 opens, though I doubt that angle is sustainable. All that being said, the market exists solely to trick us. TA is fun and is a good way to kill time while IPMCF reaches for $125. Did you know Bre-x was an 80 bagger brom April 95 to April 96? I recommend we all look at Weekly charts only from now on. Rashid

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