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Gold/Mining/Energy : Starpoint Gold
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To: jocko who wrote (1668)8/13/1997 10:45:00 PM
From: Doug Heuring   of 2378
 
more from stockhouse

FM: SteveH
Date:8/12/97

I went to work knowing this morning that STS would be down today. Because I knew this in my heart, doesnt' mean that if it hadn't come true that I would have been disappointed. To the contrary, I would have been pleased to be wrong. But the patterns keep coming back. Up eight down two, up eight down two or three or four. STS was up from .15 through .38 on a strong run up with relatively low volume. It skirted the bollinger upper band the whole way. It was due for a correction. That simple. Yet that correction will likely be short lived technically and in my opinion. My guess says Thursday or Friday should be the beginning of another six to eight day run. Why? Stock is breaking the six-day run rule on two counts. It is breaking the six-day down rule before another up-swing. Something or somebody wants this stock higher and I suspect a big bump sooner than later.
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