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Gold/Mining/Energy : Precious and Base Metal Investing

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To: yard_man who wrote (21673)	10/4/2003 7:14:32 PM
From: Little Joe	Read Replies (1) of 39344

CHART UPDATE - GREAT TRADE FOR MONDAY I am reviewing some charts today and took a look at citicorp. I had bought some puts earlier which did not work out and am out for a loss. Hadn't been reviewing on a daily basis since then, but just pulled up a chart. I guess this is off topic, but this looks like a great setup to me. We have a nasty candlestick on Friday called a dark cloud cover, which is powerful reversal pattern. Also, this occurred at the same level as an important recent high and there is a negative divergence on all of my momemtum indicators. The other reason I like this trade is that you have a relatively close stop point i.e. Friday's high, so it is low risk high profit. I will be putting in order for puts sometime Monday morning. Little joe

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