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

To: the Zwei who wrote (18997)	12/16/2004 1:58:28 PM
From: jimsioi	Read Replies (2) \| Respond to of 108742

I can't not understand the fascination with log charts... You guys with your log charts....hey, convert to linear...if the PM markets go any where at all in the next couple of years your view of the market will be a scrunched up on a pin head in the right hand corner of your page.... Here's a much more easily viewed two year weekly linear chart of WTZ....Now the problem with this view is that the trend line about which there is so much excitement doesn't come in until $6.50....The 38.2% fib correction of this years range is at $7.40. There is major barchart resistance at $9.50...IF the 40 week ema (200 day) gives way when the equity offering's price is announced, there's quite easily $2 risk in this stock... stockcharts.com[h,a]wacayyay[de][pc40!c20!f][vc60][iut!Lb14!Ll14!Le12,26,9!Lp14,3,3!Lya7,14,28!Lf][J41524860,Y]&pref=G To see what your linear charts are going to look like in the a little later down the road in this PM bull take a look at Patina's chart....(POG, Patina, is the subject of a take over today....) The detail is pretty good two years back but it's much harder to see what's happening currently....except of course the stock is up 19% today....