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

To: TheBusDriver who wrote (15127)	7/30/2003 9:58:33 PM
From: jimsioi	Read Replies (1) \| Respond to of 39344

N. Wayne, again re IVN... Given what is now a very high volume breakout into short term quite over sold areas, I'm likely to be a partial seller on any gap up opening into the $4.40 area should such materialize tomorrow. Pattern I'd expect would be distributional and consolidational from there for a couple of weeks. IVN has had surges in volume and price similar to this one in the past; they have been followed by protracted and significant sell offs. With high volume support existing at $3.60 cdn I would certainly expect that area to hold and likely not even be reached. The measure I get of the sideways formation from which IVN has emerged is $4.81. It may reach that after a retrenchment first, prior to attaining $4.40. I'd be a partial seller then at that higher level a little further down the road as by then momentum should be on the wane in the fashion of the early '02 rally. stockcharts.com[h,a]dblayiay[de][pc50!c200!f][vc60][iut!Ul14!Ub14!Lg!Lm12!Lh14,3!Ll14!Ld20!Lya7,14,28]&pref=G