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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: t4texas who wrote (20737)3/24/2003 2:52:09 PM
From: kodiak_bull  Read Replies (2) of 206191
 
T4:

I'm wondering why you think RRI "needs to get over about 4.20 fast or it likely will drop back." I understand the reference to 4.20, but am puzzled by, as Maverick might have said, "the need for speed." This one could take another two weeks to finish, I think; or it could take another 3 days.

I would say that the triangle is narrowing, as they do, and that it will break once it gets tight enough. The question is: up or down. I like the flattening top on the triangle (4.50, 4.56 . . .) and expect to see one more flat top (4.45???) before it hits its sidewards apex (an oxymoron). Then I think it will break up, as there is little to no resistance above it, especially once it gets above the 4.20 line (which of course is modulating southward).

JMHO,

Kb
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