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

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To: cyesp who wrote (43381)5/13/2005 8:10:20 AM
From: kodiak_bull  Read Replies (1) of 206326
 
Cye, the XLE road map:

Step 1, April 25, analyze a rallying chart with absolute neutrality. The stock had risen for 6 days and was threatening to break through $43 and rechallenge $44 and $45:

Message 21263423

Step 2, May 3, observe the damage to the stock. What is likely to happen going forward, where is the trajectory on the daily chart? If you want to go long, is there any rush?

Message 21289962

(Cye: "I don't think we make it to $37... and probably not to $38 either. I will probably start buying a little below $39ish.")

Don't be in a rush. The following chart shows a free fall area from here down to $37. Let the chart tell you what to do, and when (that's my advice):

stockcharts.com[h,a]daclyiay[pc20!c30!f][vc60][iut!Ul14!Uah12,26,9]&pref=G

Kb
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