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

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To: Sweet Ol who wrote (30092)2/21/2004 3:15:45 PM
From: chowder  Read Replies (1) of 206085
 
In a PM to Brother Bum, I said, ...

>>> I want to see if buying shows up here, if not I look at the next level of support, $6.80 and if that doesn't hold, I'll look at $5.80 where long term support should kick in. <<<

It appears you and I came to $6.80 using different tools.

Right now selling pressure is increasing but I don't detect distribution yet. This stage can still be categorized as profit taking yet, I am concerned that RRI dropped below the 50 day moving average. This will now serve as resistance.

stockcharts.com[h,a]daclyiay[pc20!b50!f][vc60][iut!Lh14,3!Lc20]&pref=G

dabum
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