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Strategies & Market Trends : Natural Resource Stocks

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To: isopatch who wrote (20179)1/19/2005 10:36:34 AM
From: ItsAllCyclical   of 108745
 
Maybe very ST, but the Euro chart does not scream "bottom" to me.

stockcharts.com[w,a]daclyyay[dd][pb50!b200][vc60][iUb14!La12,26,9]&pref=G

Still haven't tested the 1.29 to 1.295 breakout area which I think is a minimum with a pullback to 1.28 likely. That said the YEN is looking pretty good and so are the COT's. I added more GRZ this morning. I still think we're a few weeks away and we'll probably get one more smackdown to the $410 to 415 POG level, but have my core in case we don't.

GERN looking very good. Continues to underperform it's peers (STEM, ASTM), but I think things will get cooking once we get above 10.

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