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Gold/Mining/Energy : Nuvo Research Inc

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To: Joe Krupa who wrote (6733)2/11/2001 7:50:35 PM
From: Cal Gary  Read Replies (1) of 14101
 
Husssshhh! <ggg>

Edit: I don't want to witness any broken handles.
Actually you have been making some great observations lately.
The cup and handle "theory" will predict a

14.50 = 9.00 + (9.00 - 3.50) target.

The handle is an ascending triangle shape, looking for a possible march 1 ?? convergence. I'm not good with trend lines
.
Also we tested low 9.00 range twice, the rule of three says we break the resistance next time.

On the other hand, the MACD has given a sell signal. Last time it did that, we got down to the low 6.00 range.

Tomorrow we hear Celebrex 4Q numbers. OT Also, Napster will find out its fate tomorrow too.
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