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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Q8 who wrote (76484)	12/17/2006 8:33:15 PM
From: Helpdesk90	Read Replies (1) \| Respond to of 206323

The weekly chart shows the 10 sma crossing the 20 for a buy signal. The daily chart shows 10,20 and 50 smas are all turned up and climbing. The price on the hourly chart is above the 8 and 13 emas. The RSI is rising and has been higher a couple of times this year. I don't know what you mean by no volume follow through. BHI just put up 3 big volume days in a row and is trading past the top of a float turnover box. That indicates that the entire float has turned over at lower prices. Friday saw 2 million shares traded in an hour. That's a pretty clear footprint of institutional buying. The big money might back off and let the price drift down, like they did during the first 2 weeks of December. You could get 2-3 bucks there. The broad market is going up and just for tax reasons will likely climb into the new year. BHI is in the S&P 500 so it benefits from index fund buying. That means you may have 2 weeks of more pain just from the broad market rising. BHI is also 10% of the OIH. The OIH is tending to follow the price of oil and that is climbing. Now it appears that the weather forecasts are turning more bullish. Just for giggles, look at the chart of BHI for last January and consider how bearish the weather was then. Dabum posted this on RDC. Note the similarities to BHI Message 23066508 Note also the price targets. I have no position in BHI BUT I'm long RDC (thanks for sharing, Dabum).

To: Q8 who wrote (76484)	12/17/2006 9:24:43 PM
From: chowder	Respond to of 206323

Re: BHI ... >>> Looking for opinions on my prediction: <<< It depends on the time frame one wishes to trade with regard to the strategy one should employ. If one were looking intermediate to longer term, the recent price action on BHI would indicate higher pricing over that time frame. If one were looking very short term, BHI looks to be setting up for some profit taking. Any pull back would set up another buying opportunity for someone wanting to take a long position. The amount of buying volume over the last few trading sessions usually indicates another leg up after a short period of profit taking or price consolidation. dabum