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Strategies & Market Trends : Natural Resource Stocks

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To: isopatch who wrote (19991)	1/13/2005 12:10:21 PM
From: Arik T.G.	Read Replies (2) of 108670

410 looks like a strong IT, maybe even LT, support. Donno if we get there straight away or do we check the high 430s first, and then a second leg down. If we do get there within two weeks it's a good place to buy, at least for a $20 IT correction, if not for the resumption of the LT up trend. I'm not sure about the LT trend. It is quite ripe now. 4 years seems to be a good enough cycle for commodities of any kind. But it does not look complete yet. Even if the up trend is over I feel there should be a test of the high sometime in the next 6 months to the low 440s. ATG

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