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Strategies & Market Trends : Natural Resource Stocks
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To: isopatch who wrote (4690)12/10/2003 12:38:17 PM
From: Arik T.G.  Read Replies (3) of 108747
 
Thanks, iso.
Although at unconventional timing, I believe that the ending diagonal should be resolved now to a sharp decline.
There is now better support to this idea but market action , now that 1070 resistance held and local low was taken out on the 5th day down.
Any trade over 1072 will negate this idea, and even
at 1070.5 I'll put a big question mark on it.
So 1066 the next point to short with 1071 stop close enough.
Looks that you've had an exceptional year, myself not bad, too.
Will be out tomorrow morning to a weekend in Prague. Back Monday morning.

Arik
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