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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?


To: Peter van Steennis who wrote (5972)1/8/2002 12:01:01 AM
From: kodiak_bull  Read Replies (1) | Respond to of 206325
 
stockcharts.com[h,a]dhclynay[pd20,2!b50!b200!b25!i!f][iut!Uk14!Ub14!Lc20!Lf!Lh14,3!La12,26,9]

I think it's quiet because the moves so far have been so dramatic. It's as if you drove a car 180 miles per hour, then skidded to a dead stop 20 feet in front of a concrete wall. That was Friday. Then today, you're checking the car out and backing away from the wall.

Anyway, I say we keep going in the same direction tomorrow, trade up with another white candle, not too big. I think we've touched the bottom for now and, along with some of the others here, think HAL is now a 10-13~14 stock for the near future.

Kb.



To: Peter van Steennis who wrote (5972)1/8/2002 7:04:10 AM
From: chowder  Respond to of 206325
 
Peter, the indicators are set up nicely for the bulls. With the type of movement HAL has had in the last two days, people are trying to catch their breath and assess what's going on. Those who bought the dip two days ago, have better than a 25% profit. They may want to lock some of that in.

The selling has dried up some, but we may see a little sideways action, it's hard to tell. Absent the asbestos problem and the chart says the bottom is in. Since we have to deal with the asbestos problem, it's prudent to keep tight mental stops in place. The chart indicates you don't fight it if HAL wants to go down.

Look at yesterday's candlestick. That little wick on top meant that the sellers pushed the price down to where it closed. If HAL can retest yesterday's high, and push forward, you've seen the near term bottom in my opinion.

These short term movements take time to watch and you have to weigh a lot of variables. Volume will be important to today's action in developing a forward looking strategy.

For now the indicators are turning up.

stockcharts.com[h,a]declyiay[pb20!b10!f][vc60][iut!Ub14!Ua12,26,9!Lh14,3!Lc5!Ll14!Lj[$spx]]

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