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

To: Gottfried who wrote (8707)	4/6/2002 11:32:38 AM
From: chowder	Read Replies (2) \| Respond to of 206131

Gottfried, I think the daily leads to a different conclusion too. I like to break down the daily activity for clues of what to expect. The chart's perfection and the size of the candlestick indicate program buying. Retail buyers don't move the price that quickly and with such size. When you see long candles, institutions are normally involved as they have the ability to buy and sell in volume. My knowledge of support and resistance levels also supports the idea of program buying at certain levels. If one is nimble, and program buying is programmed to be nimble, a triple bottom pattern is the most successful pattern to turn a profit on. I was asleep on that one. It was a perfect pattern and perfect patterns are hard to find. dabum