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Strategies & Market Trends : Strictly: Drilling II

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To: Jacob Snyder who wrote (4215)11/20/2001 10:38:59 AM
From: SliderOnTheBlack  Read Replies (3) of 36161
 
NEM technicals....

Since the announcement of the merger & the market open:

NEM has + 2 Million shares positive On Balance Volume.

- someone's accumulating ...as they well should.

Bocor... I added some at $19/$20 and will now wait for $17/$18 and will begin to add leaps primarially at that level.

I expected XAU 45 to be tested... it should hold and NEM's Longterm chart since the Oct/Nov bottom is still intact...

This is LT value territory... merely average in here - don't chase tic's... buy ea. $2 all the way down; as low as they want to go... 2-3 years ? - it doesn't matter at alltime index lows... when, not if...build a core position in gold/silvers here and forget about it...
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