Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : The Woodshed -- Ignore unavailable to you. Want to Upgrade?

To: Little Joe who wrote (5749)	5/3/2004 2:14:37 AM
From: jimsioi	Respond to of 60906

Little Joe, good body of work... Your charts support your "short or out view." Unless the Dollar takes out 90 on a close I doubt there is much hope for the HUI past 188...think I've said that before. But so much looking bearish at this time?? "Something evil comes this way" or has.. At 45% cash I'm pondering becoming more so...Feels to me like the Oil Index could quite easily experience a 5-10% drop if equities generally in the US and world wide remain under pressure. Gotta get this China thing behind us... OIL Index - 330 pretty easily, here, 315 target if everything goes in the hamper... stockcharts.com[m,a]daclyyay[dd][pb50!b200][vc60][iUb14!La12,26,9]&pref=G stockcharts.com[m,a]daclyyay[dd][pb50!b200][vc60][iUb14!La12,26,9]&pref=G

To: Little Joe who wrote (5749)	5/3/2004 5:51:54 AM
From: crustyoldprospector	Read Replies (3) \| Respond to of 60906

LJ, thanks for the time and effort. However, I am not as prepared as you to interpret the candles as bearish. First, the gold and HUI weeklies clearly show the candle before your "three crows" was down, which IMO says the interpretation of 3 crows is at best imperfect. Instead, the best interpretation of a bearish formation (if it develops) would be a three line strike, which would require a significant upmove this week to confirm. On the bullish side, a ladder bottom could form, which would require an inverted hammer this week and an upmove next week. In fact, if my read on interrelated markets is right, this outcome has a great chance of happening. In either case, someone who bought at the lows last week should be able to sell at a profit at then end of this week (ST bull, IT-LT bear cases) or in the coming months (ST neutral, IT-LT bear cases). In any case, the IT candle interpretation will resolve by Friday. ALL IMHO. Regards, crusty