KOB.TO - East Lost Hills & GSJB joint venture Message Board

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Gold/Mining/Energy : KOB.TO - East Lost Hills & GSJB joint venture

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To: Andrew who wrote (10096)	4/6/2000 9:44:00 PM
From: Brumell	Read Replies (1) of 15703

Hi Andrew, <<< It just that I'm a bit of a TA freak and the chart looks like its going to explode upward... >>> I'm not a TA type but would you say HTP is forming a classic pennant formation - a horizontal top line at $2 bucks with successively rising bottoms?? Apparently that's a classic formation in the few books I've read on the subject. Eventually the breakout is to the upside. Until recently, there were a few bucks to be made buying HTP off the lows at $1.40 or less and reducing into the highs above $1.80 or so. Not a brilliant scheme but it helped offset earlier losses. This time I'm not reducing but suspect others may be. Thus a resistance point around the $2 level. As mentioned earlier, suspect we'll soon see this glass ceiling shatter. It should be interesting for you TA types!! Regards and good luck, Bob

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