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

To: jrhana who wrote (14572)	7/23/2003 1:11:52 PM
From: TheSlowLane	Read Replies (1) \| Respond to of 39344

Yes, and no chest-pounding on the GPM board either please.

To: jrhana who wrote (14572)	7/23/2003 1:14:03 PM
From: Eva	Read Replies (2) \| Respond to of 39344

but may be a little eeeeeeeeeeeeeeeeee is allowed? :):):) Silver's rise is enormous, in light of all those shorts!!!! eeeeeva

To: jrhana who wrote (14572)	7/23/2003 1:18:42 PM
From: Eva	Respond to of 39344

John did you see "that" diamond : Date: Wed Jul 23 2003 13:14 AU_NB (XAU - Diamond Breakout) ID#60304: Copyright © 2002 AU_NB/Kitco Inc. All rights reserved M2c FWIW It looks as if the XAU has broken out of a Diamond on the weekly chart. The 3% rule, however, still applies. click here ... Edwards and Magee list a Diamond formation as both a reversal OR a consolidation pattern. ( Edwards and Magee, Technical Analysis of Stock Trends, 4th ed. rev. 1966, pp. 1-51-154 ) . They suggest that one should, "[m]ake new Commitments...On breakout from Diamond." ( Ibid. at p.389 ) . "[N]ew commitments should wait for a definite breakout; and commitments already in force would have to remain until such breakout had occurred; either declaring a reversal, or indicating a probable continuation." ( Ibid. at p. 377 ) . As to a potential target price on the breakout of the Diamond consolidation shown on the weekly chart: "Prices should move AT LEAST AS FAR from the breakout point as the greatest widthin points from its top ( head ) to bottom ( V in neckline ) . This, it must be emphasized, is a MINIMUM rule and subject only the usual qualification that a reversal formation must have something to reverse. Generally, the new trend carrries prices eventually well beyond the minimum measurement." ( Ibid. at p. 154; emphasis supplied ) . JMHO DYODD