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To: Gary Burton who wrote (54961)11/17/1999 6:28:00 PM
From: CpsOmis  Read Replies (1) | Respond to of 95453
 
Hi all:

Not to "plug" my "laggard", but RRC's chart for the last three days looks like a rocket launch, with pretty serious volume as well.

Anyone out there still following this one?

On NO NEWS, any ideas why it has gone from 3 1/4 to 4 1/8 in three days?

Or just the usual gamesmanship by traders?

Thanks in advance......



To: Gary Burton who wrote (54961)11/17/1999 8:32:00 PM
From: Roebear  Read Replies (2) | Respond to of 95453
 
Gary,
Chalk one up for Securitytrader I guess:

Message 11942149

ST is now confirming the inverse head and shoulders with a measurement of 90.5 on OSX. The trading range measurement for OSX is still just under 100 and the trading range goes back quite aways.

Now don't get me wrong, I'm not knocking the EWaves. Matter of fact, now that the support and resistance chart pattern candlestick type of analysis are in the ball park with your views I'm downright ecstatic.

FWIW I sold half my MDR today in order to buy some OII on the pullback. This will allow me to hold the remaining MDR long term with an "easy peaceful feeling" based on a ridiculously low adjusted basis. I REALLY wanted OII and was glad to get filled 15 3/4, since I could not watch the market today.

O/T
Of not much interest to you outside of chart theory, but George Cole should take note VBG, ST has redrawn the weekly gold chart to now reveal a very large inverse head and shoulders for gold. My own charting agrees and even before that my dormant goldbug antennae had begun to reemerge, possibly picking up a circadian rhythm on the tape, heh heh. Nothing to get ecstatic about, but I once again took a position in my favorite AEM. With 6 out of 7 trades being profitable, some handsomely, it is a definite favorite of mine and still has very little hedging (<20%).

Thanks again for keeping us up to date on your targets, especially for the EW impaired like me.

VBG

Best Regards,
Roebear