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


To: ItsAllCyclical who wrote (20746)3/24/2003 4:07:14 PM
From: hitsoft17  Read Replies (1) | Respond to of 206184
 
ItsAll, For this kind of analysis one might be served better by a linear scale , instead of a log scale. Using linear scales, there is a convergence of the 50DMA, the midpoint of the BOL band and the down trend resistance line with the price right on top of it. A break here could send it either way, but this pattern often just drifts laterally once it gets out this far and the pennant becomes meaningless.

stockcharts.com[w,a]dacayyay[dc][pc13!b200!c50!i!d13,2!f][vc60][iut!lh14,3!lb14!la12,26,9!lf!lc20!lyb20,2.0][J11173548,Y]&listNum=10

We'll see soon, my bet is that it breaks up.........

hitsoft17