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Strategies & Market Trends : Technical Analysis With Charts -- Ignore unavailable to you. Want to Upgrade?

To: jaker who wrote (3270)	11/3/2006 10:27:01 PM
From: MACD X	Respond to of 6865

Jaker my stop would be close on Newmont. stockcharts.com several signs point to the fact that a top may be near, What kind of top is unknown, but re-entry could be possible later. The angle at which we are rising on this rally is very shallow to be impulsive, you can see from the previous down wave what impulse looks like and what we have is not an impulse from what I can see so far, And in fact looks complete as a correction. If this is so, I would like to have the stop just below fridays low. This would also be below the black trend line and most of the gain would be captured. below is a site that talks about horn bottom, the tops work the same way. coveredcallswins.com