International Precious Metals (IPMCF) Message Board

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Gold/Mining/Energy : International Precious Metals (IPMCF)

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To: Gerald Walls who wrote (20138)	9/8/1997 1:12:00 PM
From: Bijan Khazri	of 35569

the hammer/shooting star/hanging man pattern was the most reliable candle pattern for calling a reversal. I agree. But the trend has to be well marked for the signal to work. I am not sure that we are in a down trend, so the hammer is not going to be as strong a signal as it was when we were in the 3.75-4 range, where I did all of my buying. Here it indicates, IMO, a compression and it hopefully will lead us upwards. One thing is for sure, we will not stay in this price bracket very long.

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