Global Platinum & Gold (GPGI) Message Board

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Gold/Mining/Energy : Global Platinum & Gold (GPGI)

GPGI 23.03

-5.1%

1:14 PM EST

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To: steve whitman who wrote (2507)	4/17/1997 7:53:00 PM
From: TATRADER	of 14226

Steve, if we learn from our mistakes, we become better traders...Arakis was a good teacher and still is...Today I observed several items that prompted me to take action on this stock...I will soon see if I made the right decision...If you take a look at this stock on a chart you observe a flag pole and an ascending flag..Breakouts tend to go against the slope of the flag. If a flag slants upward, a downside breakout is more likely. If the flag slants down, an upside breakout it more likely..If one sees a downsloping flag in an uptrend, it is wise to place a buy order above the latest peak of the flag to catch an upside breakout. A rising flag in an uptrend marks distribution, and a downside breakout is more likely. If you want to try to understand what I am talking about, take a look at Getty Copper that was recently hyped by Stockman...It was in a flagpole formation with a rising flag.... Six of my oscillators today have a divergence with price....We will soon see if that means TA wins another victory or loses....Best wishes to all.......Regards, Mark

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