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Gold/Mining/Energy : Nuvo Research Inc

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To: russet who wrote (8575)1/29/2002 11:59:15 AM
From: Cal Gary  Read Replies (1) of 14101
 
Fellow Villager,

Not a surprise, but I've been over the charts.

Most of the indicators have bottomed days ago before price touched down at $4.75 yesterday. Chart leading the price.

When indicators have dug deep into oversold it can be interpreted that most of the sellers are done and there maybe marginal pressure left. An uptick from oversold is usually interpreted that buyer are returning. So depending on who you have studied, buy signal are generally generated at these chart levels.

Congrads to those who rode the charts correctly. I guess you're buying back, eh <gg>. Almost as though you knew what size semi what coming.

Nice hammer yesterday, a white candle for a change from the $6.10 ST high. Good strength this morning too, despite the bad news yesterday. Did I mention $51,000 revenue from UK, well below expectations? Bad Provalis, bad boy.

Discounting and looking forward. That's what the stock market participants does best.

What's next on the menu? Would like a French or German dish, but would settle for a king size american steak. Yum.

Have a great day.
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