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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG -- Ignore unavailable to you. Want to Upgrade?


To: Louis V. Lambrecht who wrote (4767)4/20/2006 11:15:14 AM
From: Louis V. Lambrecht  Respond to of 48092
 
This is the chart that kept me awake all night. I rather had posted then ranting and whining.
lvlamb.itgo.com

Key pivot is the 1998 run:
diagonal green dotted lines suggest a pullback towards 11 on the way to 28.
Fat orange are the measure and target of the bullish pennant which built through 2003-2005.
Red dotted diag the last line of higher highs we are bleeding upon.
Many higher lows indicating $9 as support.
If this legs corrects as it did in April 2 years ago, this is $9 again.

Would 11 hold, we would be confirmed in a 11 t0 28 run.
If the rebound only happens rowards 9, we remain captive of the 9-15 range. Prices as per today, these all are rising diagonals.
Bets are off below 7.81 pivot.
@#$%$#@ pigs get fat, hogs get slaughtered.