Big Dog's Boom Boom Room Message Board

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

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To: quehubo who wrote (25994)	9/30/2003 6:54:23 AM
From: chowder	Read Replies (2) of 206200

For those of you who like to try and time your buys off the bottom, several energy stocks are showing "possible" bullish reversal patterns today, for a short term time frame. In my opinion, GW has the best chart pattern for a possible reversal play. GW has several bullish indicators going in it's favor. It gapped up at the open and built on those gains with above average volume. The candlestick pattern and the volume today are very bullish indicators. The rate of change indicator (ROC) crossed up and over the zero line, another bullish indicator. The MACD histogram also crossed up and over the zero line. Lots of positives going for GW here. I don't know if it was short covering or not. GW is coming up on resistance so it's important that we see some follow through here. stockcharts.com[h,a]daclyiay[pc20!b50!f][vc60][iut!Lb14!Lc20!Lg!Lj[$spx]]&pref=G We have several other energy stocks with bullish patterns today. I'm not going to analyze each one of them because I don't know who is interested or not. I'll mention them for others to follow up on if they like what they see. None of them are as strong looking as GW, at this time. UPL NR LSS WMB SU MHR SU would probably be my second choice, based on the chart but, this sector needs more work in my opinion. dabum

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