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Gold/Mining/Energy : Trump's 12 Diamond Picks, Discussions Limited
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To: George J. Tromp who wrote (1986)3/26/1999 11:07:00 AM
From: bill  Read Replies (1) of 2251
 
George,
Something seems to be up with the trading pattern of WSP. It was
forming a triangle with the trading range becoming more and more
restricted. In that situation the stock has to break out but the
triangle gives no indication of whether it will be up or down.
WSP broke out decisivly to the upside, dropped back slightly, as
would be expected and, today, has moved up past the three sixty
range. If it breaks past 3.70 the price will be bullish and
with the OBV up, I'd expect some sort of positive news. I very
much doubt that the rather wild rumours on SI have more than
a marginal effect on price movement. They probably tack a couple
of cents on or take them off depending on the rumour.

I'm keeping a close eye on the OBV. it seems the most reliable of
the indicators but, of course, is only good for short term
trends until new circumstances change conditions.

I see that REX is up again. That was a good call. I should have
bought at 80 cents when you recommended it. Ah well, lost opportunities
and hindsight.
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