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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: davep who wrote (14797)3/14/1998 2:50:00 PM
From: Rich B.  Read Replies (2) of 95453
 
Little OT -

Davep, How do you arrive at your support and resistance numbers. Do you just use moving averages, if so, could you explain each for me.

Is this correct? Support looks like 29 at the 50 day moving average and, the upwards resistance looks like around 32 at the 100 day moving average. Why do you say go long at 24? Is this a lower support and how do you get that number? Sorry if this is remedial.

Thanks, Rich
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