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

To: crustyoldprospector who wrote (7775)	2/14/2004 3:37:55 PM
From: jimsioi	Read Replies (1) \| Respond to of 108653

Crusty re HUI below 240. On the first shot up to the 240 overhead it wasn't much of a surprise to me that it would back off..The indicators were short term overbought and I suspect there is many a newbee who entered between 240 and 258 looking to get even, following the 20% fall off the highs that was likely quite a surprise to them... Looking at the hourly chart, below, posted and annotated over on the HMY board by friend Salscandle, one can see the little head and shoulder pattern scratched out late in the week. Seemingly it has a measure down to 223-225, to which a pop in the dollar early in the week could lead. I'll be buying there should such prices be seen. IF there is no break of 230 then we're set for further probes into the 240-58 zone as the dollar continues lower. zsvideo.com