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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: kodiak_bull who wrote (20738)	3/24/2003 2:57:37 PM
From: ItsAllCyclical	Read Replies (1) of 206191

RRI already broke 1 triangle on the 30 min chart. The next two pts are the 2 year downtrend line and the daily triangle from Dec 2002. Agree you also have the 200 dma around 4.16 and falling. I fail to see the significance of 4.20. If 3.9 goes on a closing basis I still think you'll see mid 4's rather fast. I suspect the 200 ema (5.22) will provide far more resistance than the 200 dma. After that the previous recovery high of 5.7 and then it's off to $6-8 range. I suspect we'll get more short covering and little long selling going into the FERC meeting on Wend and potential refi deadline on Friday.

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