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To: rolatzi who wrote (77278)	3/8/2001 3:21:05 PM
From: Bull RidaH	Respond to of 436258

Set an Andrew's Pitchfork on the daily chart with the median line off the 10/25 low, the upper line off the 1/2 high, and the lower line off the 2/14 low. This is a classic sling shot pitchfork move off the 2/14 low, and the upper line is in the 20.65 area today, rising at a rate of about .30 a week. You want to sell when it runs into the upper line. Now if we get 2 consecutive closes above that upper line, you buy back for a quick power move higher. But 90% of the time, the upper line (or tine) holds, and a meltdown ensues. Why a meltdown looming for gold stocks? It's the K-wave man... It's gonna swallow EVERYTHING!

To: rolatzi who wrote (77278)	3/8/2001 3:22:22 PM
From: Bull RidaH	Respond to of 436258

Set an Andrew's Pitchfork on the daily chart with the median line off the 10/25 low, the upper line off the 1/2 high, and the lower line off the 2/14 low. This is a classic sling shot pitchfork move off the 2/14 low, and the upper line is in the 20.65 area today, rising at a rate of about .30 a week. You want to sell when it runs into the upper line. Now if we get 2 consecutive closes above that upper line, you buy back for a quick power move higher. But 90% of the time, the upper line (or tine) holds, and a meltdown ensues. Why a meltdown looming for gold stocks? It's the K-wave man... It's gonna swallow EVERYTHING! Gold could eventually sell for the labor costs it takes to run down the mine shaft and pick some up off the floor. -g-