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Gold/Mining/Energy : Barrick Gold (ABX)

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To: IngotWeTrust who wrote (533)4/3/1998 11:52:00 PM
From: Ross  Read Replies (1) of 3558
 
To all,

I trade ABX "technically" and this area may be resistance.. I am
posting two charts the upper a daily chart and the lower
a 60 minute chart:

teleport.com

(these will disappear in a couple of days.. Sorry if this creates
an inconvenience).

On the upper chart (daily) ABX is up against trend line resistance,
Many traders will sell here? On the lower (60 minute) there has been a clear 5 wave move up from 3/20/98 with oscillators diverging (a negative). I would expect ABX to sell off to $21.00. This may hold but if not $20.00/$19.00 is next support. I'm looking at the American traded ABX not Canadian.

This is just my personal perspective, I've traded ABX for
some time now.. I do not follow Gold.

Ross
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