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Strategies & Market Trends : Natural Resource Stocks

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To: TheSlowLane who wrote (949)9/26/2003 12:24:47 PM
From: Jim Willie CB  Read Replies (2) of 108616
 
here is a textbook Cup & Handle bullish pattern (SILVER)
internal form has "W" rather than smooth "U" shape

stockcharts.com[h,a]waclyyay[df][pb50!d20,2!f][vc60][iUb14!Uh15,5,5]&pref=G

top at $5.20 dating back to July 2002
bottom at $4.30 traced out at Oct 2002 and March 2003
handle clearly showing itself with move down to $4.85
nice symmetry

target is 530 + 90 = 620
so we got a ways to go

amazing to me that so few pay attention to these patterns
many people dismiss the success of pattern recognition
without doing much analysis
if they dont investigate, or dont understand, then dismiss

/ jim
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