Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: Cogito Ergo Sum who wrote (6559)	1/17/2002 12:41:36 AM
From: gold$10k	Respond to of 36161

Kastel, <<almost 80% in ELD over such a short term is getting pretty hard to hold>> From a purely technical perspective, ELD just passed resistance @ C$.40 which should now be support when ELD retreats from resistance @ C$.45 (it couldn't close above that level today), possibly making a mirror image with the price pattern from last June. Once ELD passes C$.45 it's clear sailing 'til C$.60 (the ideal place to take profits). Then a mirror image (see last April) retracement of the whole C$.25 to C$.60 move, back to the low 30s (the ideal place to rebuy). askresearch.com Of course it doesn't have to happen that way, but it could be interesting to see if any of these pieces fit. <<Yeah when logic and reason fail and we have a real raging bull and the cabbie at the airport asks you about ELD @ 5.00 LOL.........>> Yes, I've already been telling my mostly clueless (about gold) friends about how I'm looking forward to gold being the hot topic of conversation at cocktail parties. I say it only partly in jest. <g> Regards, vt