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Strategies & Market Trends : Strictly: Drilling II

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To: longdong_63 who wrote (20007)10/8/2002 6:12:37 PM
From: jimsioi  Read Replies (1) of 36161
 
longdong 63, note NEM was one off less

More constructive close suggests this one is closer to being done. It's even starting to outperform the HUI due primarily to its lower volatility, however. DMI is as bearish as it was in July though price much above..sorry to say that fits into the category of.searching for positive divergences to justify "hope."

We ought to soon see the red DMI line hook down and the green line hook up with the Ultimate and STOS reversing to the upside......nothing real magical about that....it's just the bottoming process. The question then will be how firm is that bottom. In time I feel we'll find one turns out to be.

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