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Gold/Mining/Energy : Canadian Oil & Gas Companies
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To: Cal Gary who wrote (8583)12/12/2001 1:48:09 PM
From: Cal Gary  Read Replies (1) of 24921
 
ELK, since my posting not so long ago <ggg>,
the symetric triangle resolved nicely to the downside. Touched 2.80. Just like that! Wow, talk about TA.

From the neckline break to 3.10 = .70
From apex 3.30 - .70 = 2.60 provides a guideline for a traget to the down side.
From apex 3.30 + .70 = 4.00 provides a guideline for a target to the up side.

Now with H&S over and triangle over, perhaps I better put in a bid.

Choices choices... RAX is at 17.60. Mighty tempting to grab some it instead. Hmmm.

Any other thoughts? Will values continue to erode in the petro sector into year end?

Have a great day!
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