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Gold/Mining/Energy : Agnico-Eagle Mines Ltd. - AGE (U.S. AEM) -- Ignore unavailable to you. Want to Upgrade?


To: Yogizuna who wrote (644)1/9/2000 12:32:00 PM
From: Robert J Mullenbach  Read Replies (1) | Respond to of 1612
 
Maybe this might make you feel better, good reading,

members.home.net

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However, the decline looks corrective to me clearly indicating
we will go back towards first resistance located @ 73-75
very soon. Now more than ever most stocks sport a
corrective decline or a bottoming structure. I am showing
PDG-N here but many stocks have a compelling structure
calling for short-term reversal is ahead. As you can see on the
chart, momentum is definitely diverging while PDG is falling,
typical action at bottom.

Then, we have the 55-day cycle that will start to point up next
week. Since Oct 98, reversals have never been late more than
a week.

Happy trading to all.