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Gold/Mining/Energy : Precious and Base Metal Investing

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To: Fishfinder who wrote (8608)	3/11/2003 8:43:39 PM
From: Kaena™	Read Replies (2) of 39344

Anybody else seeing what I'm seeing in stocks like DROOY, BGO, etc.? Check out the monthly chart of DROOY going back to '98. Connect the Jan 31 '98 high to the high of June 30 '02 - I see a neck line of a head & shoulders bottom. Take another trend line from the low of Jan 31 of 98 - draw a horizontal line across. It broke below that horizontal line and when it came back inside that pattern of the previous lows, you see a sign of strength on big volume - definition of a head and shoulders bottom - broke above previous highs on increased volumes. Flip to a daily chart - DROOY tested the high volume bottom (6.8 million shares) of Oct 31 '02. Today we hit that low (2¢ under closing 1¢ above) with substantially less volume of 4.1 million shares- a 40% decrease. Very bullish. Very good chance it's done going down especially if it can hold the next 2 or 3 days. Many of these stocks (BGO looks good) are lining up like July of last summer. Today I was loading up.

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