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To: Jim Willie CB who wrote (10827)12/26/2002 5:39:08 PM
From: Robin Plunder  Respond to of 89467
 
JW, I was reading Edwards and Magee w/r to price projections from an ascending triangle, and they comment that one should draw a line, starting from the base of the triangle at its left upper corner, which is parallel to the hypotenuse (the ascending trendline). When the price touches the upper trendline, drawn in this fashion, the projected move is complete (or the minimum expected move has occurred). I tried to do this today for HL, and found on the stockchart graphs that the y axis does not go high enough to allow me to draw this line. Do you, or anyone else here, know how to manually adjust the Y axis to allow for drawing this type of trendline?

I am trying to figure out at what point I should hedge 30% of my gold stocks, per Jim Sinclair methodology.

Thanks for the help, happy holidays....I got some gold coins in my stocking....:)

Robin