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

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From: chowder	12/5/2004 8:37:43 PM
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---------- STOCKS TO WATCH - MONDAY - DECEMBER 6 ---------------- A lot of energy stocks are showing up in my scans. I can't play them all and if you pick one, the odds are that the chart is setting up nicely for a buy setup or has already confirmed a buy. My RIG position did not trigger on Friday and I will keep the trade open for Monday. KMI did trigger on Friday, as did several others and the indicators are suggesting a continuation of that move. I will add one more energy stock to the pot for Monday ... GDP. GDP had recently reached a new price high and has suffered a 3 day drop into support at the 20 and 50 day moving averages. This buy setup is playable 100% of the time. This time will be no different. Studies have shown this buy setup is successful better than 80% of the time. GDP dropped below the 20 and 50 day moving averages on Friday and the bulls came to the rescue, gaining back all of the ground they had lost. A Doji candlestick pattern, after a 3 day drop, into support is a bullish indicator. stockcharts.com[h,a]daclyiay[d20040805,20041205][pb50!b20!f][vc60... Entry target $14.20. Price target $16.55. Initial stop loss $13.50. Message 20830119 dabum

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