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Strategies & Market Trends : Strictly Buy and Sell Set Ups -- Ignore unavailable to you. Want to Upgrade?

To: Now Shes Blonde who wrote (3061)	3/31/2005 12:51:32 PM
From: kodiak_bull	Read Replies (1) \| Respond to of 13449

Blondie, Wow, 15 minute charts. Let me see (I have to use telechart for this, since stockcharts (free version) won't give me access). Yes, on a shorter timeframe you have a good testing of that timeframe's bottom and a breakout above it at about $14.34. Above I see 15 min resistance at 14.70 and 15.15. On the daily chart it appears to be working in a horizontal channel between 14 and 15.50. Most of my indicators seem to be neutral here, so it could be a buy in the lower channel and a sell in the upper. Channels eventually give way to breakouts or breakdowns, of course. I guess if forced I would say this is a sideways trend with a slight bullish bias. But AEM on the weekly is still bearish. Unfortunately the gold sector is still in a bearish trend, since last December, on the daily and weekly charts. NEM, GLG, AU, GFI are all bearish; others in the sector are turning bullish, so I guess it's a battle for the hearts and souls of gold. For me, I want to trade strong trends, and this sector doesn't yet offer me probabilities that I can work from. Kb