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Strategies & Market Trends : Roger's 1997 Short Picks

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To: Franco Battista who wrote (7553)11/26/1997 1:16:00 PM
From: vegetarian  Read Replies (2) of 9285
 
another one to keep an eye on is ABX (Gold stock).
Has broken through rectangular consolidation and its support
at 20.
The Gold fundamentals are weak atthis stage, the Europeans
are not interested in maintaining their reserves and speculation
that gold likely to touch 275.
The stock poised to hit at least 15; now only if I can
get a bounce on this chart to short it.
20 and 25 are strong resistance points.
Just something to watch...
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