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

To: jrhana who wrote (26531)	1/7/2004 7:03:40 PM
From: siempre	Read Replies (3) \| Respond to of 39344

Constellation acquires two billion pounds of copper.... volume has been running high on this little 12c 'er.... yep, looks like another bargain to me... biz.yahoo.com

To: jrhana who wrote (26531)	1/7/2004 8:33:01 PM
From: Little Joe	Read Replies (1) \| Respond to of 39344

As far as how high this market might go, I am at least as ignorant as anyone on the thread. But I must say that the odds are higher for the following reasons. 1. The trend is still up and strongly up. 2. Reactions especially in POG are strongly up. 3. There is no topping formation in place. After a move of this size I doubt if the major top will be put without some type of topping formaton. 4. All long to med terms trendlines are in tact. Most gold stocks appear to be building a triange consolidtion formation. Of course we can never be sure until all points are in and it will take at least one more up move for some of these formations to complete. (I should note that one or two have, however I like to see the same pattern repeated in several of the leading stocks. This gives me more confidence) Of course if the triangle formation completes, we have no assurance that the breakout will be to the upside, but the rule of thumb, if I remember correctly, is that 75% of triangle formations resolve in the direction of the prevailing trend. I just got my chart program TC 2000 working today. I had to have a new disk shipped and I was on the phone with tech support for 3 hours over four calls today. (GRRRRRRRRRRRRR) Really put me in a bad mood. I think I am going to have a glass of whiskey. Hell, on second thought I might make it a bottle. (: Little joe