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To: NOW who wrote (135378)8/9/2006 3:06:40 PM
From: Henry J Costanzo  Read Replies (1) | Respond to of 209892
 
FWIW, te: ..re NEM.....EDIT...TA...no EW

I would not draw the triangle in the way you show, since I would have the upper and lower lines actually touch highs and lows of the day.

So I would come up with a triangle starting from the May high...not from the Jan/Feb high as you show.

As of now, of course, any bullish triangle is not complete, and would not be until a break out of the higher line..now sitting at about 55. IF that should happen..with a convincing move on high-volume...... looks like an upside target could be around 67.

I repeat.....FWIW....vbg



To: NOW who wrote (135378)8/9/2006 3:24:02 PM
From: Moominoid  Read Replies (1) | Respond to of 209892
 
Short-term direction (days, weeks) appears to be down...



To: NOW who wrote (135378)8/9/2006 5:59:34 PM
From: wave3rules  Respond to of 209892
 
NEM thanks, thats a rather nice looking bullish triangle. Target $70


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