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Pastimes : A Jackass, his PAL(indrome), and GOLD -- Ignore unavailable to you. Want to Upgrade?

To: tonka552000 who wrote (559)	2/4/2003 4:56:37 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 1210

quick technical analysis of Price of Silver (POS) powerful bull pattern is evident to this jackass stockcharts.com shorterm: bullish triangle forming since Jan1st when it hit 493 since then, two impulse lows at 476 and two knocks at the 490 door, plus today for three knocks power of this triangle is 493 - 476 = 17 pts that aint huge, but enough to break over 500 target is 493 + 17 = 510 it dont have a lot of power pent up with oscillators but relative strenk is pretty good, maybe good enough nearterm: a real nice uptrend since teh pathetic 428 October low nice channel formed, with the early January extension rebuffed ignoring that Jan strange burst, upper rail now indicates around 510-515 as the next rail touch loose support (without touches) provided by its 50dayMA longterm: a less than perfect Cup & Handle pattern screams BULLISH left side handle was June-July fight at 482-512 cup nicely showing itself from July 512 down to October 428 and now back toward a new handle fight at 478-495 power of the C&H is 512 - 428 = 84 pts target is 512 + 84 = 596 (call it 6 bucks) oscillator aint that strong in last couple days so this might not bust through very strong if it busts at all relative strenk is good and healthy I think silver will defy the supposed experts and bust over 500 soon very soon but not continue to extend its gains for a while this lil brother has some catching up to do I expect it will benefit from some gold profitaking nobody seems to anticipate this / jim