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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: KipferlMeister who wrote (3243)	4/24/2002 4:31:07 PM
From: TrueScouse	Read Replies (1) \| Respond to of 39344

Michael: From a TA point of view, we've got an ascending triangle, which is generally bullish. It could just as easily correct back to the uptrend line (which is at about $300 basis June), but then I would expect it to bounce back up from there and test the resistance again. As you get closer to the end of the triangle, it eventually runs out of room and has to break out one way or the other! Given this formation, my own bet will be on an upside breakout. But if I'm wrong -- which is at least 50% of the time -- that's what stops are for. Not that I like using them with thinly traded stocks :^( Buy you a drink if I'm right? Howy