International Precious Metals (IPMCF) Message Board

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

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To: TATRADER who wrote (1547)	1/21/1997 4:46:00 PM
From: CynicalTruth	of 35569

Mark...No matter what anyone says about TA it has it's purpose. The FA'ers might think it's voodo but if you take the time to study the charts they do give up some secrets. On Jan. 20th IPMCF gapped open. It has done this several times in the past. IPM has been very consistent about going back and filling the gaps. So it a very good possibility that it will come back down to around 4.375 area. (Of course I'll probibly get run out of Dodge for that statment <G>). On a happy note the 5 & 13 day EMA's are above the 25 EMA and the 5 EMA kinda bounced off the 13 EMA on JAN. 16. I've noticed that 30/70 RSI follows pretty good also. John

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