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Strategies & Market Trends : Natural Resource Stocks -- Ignore unavailable to you. Want to Upgrade?

To: isopatch who wrote (3875)	11/25/2003 1:00:15 PM
From: Roebear	Respond to of 108625

isopatch, Large V formation (or a triangle if one prefers) on monthly XNG chart indicates highs of late 2000 (273.12) could be breached if we can clear resistance of the 200-220 area. stockcharts.com[w,a]macayyay[pb50!b200!d20,2!f][vc60][iut!Ub14!La12,26,9!Lk14!Ll14!Ld20]&pref=G Are we THAT bullish? OTOH, if XNG FAILS to clear and maintain the 208 levels, we are looking at one of the largest H & S patterns I've ever seen on a chart. Taking the XNG chart to extend and reflect on the general economic outlook, it would suggest either a BOOM or a BUST is coming. Just possibility thinking, no conclusions or serious targets as yet. Best, Roebear