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Gold/Mining/Energy : Chartists' Corner
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To: Essam Hamza who wrote (2)4/9/1997 9:27:00 PM
From: Ward Nicholson   of 38
 
Hmmm...

MSR:

When it was making it highs in late February and early March,
it was doing so on lower volumes, so it retreated down to
the lower 2s and then, like everything else, got hit bt the
BXM hurricane. It nosedived right through the 2.10 level
which broke the uptrend. Then it spend some time between
1.60 and 1.80 (previous history of support and resistance
respectively). Now, it's falling through the 1.60 mark.
I'd avoid it until it forms a base somewhere. Looks kinda
like a case of "I've fallen and I can't get up" as do many
charts right now.

PLM:

Broke it's uptrend in the middle of March. Now I suspect
it'll bump it's nose along the downtrend line for as long
as it takes. It trades consistently though...not too many
wild moves in either direction. I'd wait for a bottom
on this one. Looks interesting though...
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