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Strategies & Market Trends : Natural Resource Stocks

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To: big guy who wrote (14690)	8/24/2004 2:56:01 PM
From: isopatch	Read Replies (2) of 108865

big guy. Point well taken. And sorry it's taken me this long to respond to your post. Lot of computer and web access problems last week and only just now catching up with my msgs. OK. Looking at the weekly gold chart you cited, it appears this recent rally has retraced more than 2/3 of the 3 black crows formation. stockcharts.com[l,a]waclynay[de][pb20!d20,2!b50!b200!f][iUb14!Ua3,10,16!Lah12,26,9!Lh15,5,5!Li14,3!Ll14!Lo14]&pref=G That's a bit unusual. Counter trend rallies don't ordinarily traverse more that 1/3 to 1/2 of that bearish pattern. Thoughts? How bout from the rest of you TA mavens on the thread. Jims? IAC? Little Joe? Vet? Roebear? TIA. Iso

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