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

To: Helpdesk90 who wrote (76486)	12/17/2006 8:47:21 PM
From: Q8	Respond to of 206323

Helpdesk90: Thanks for your response. You said, "I don't know what you mean by no volume follow through. BHI just put up 3 big volume days in a row.." What I mean is that Friday's volume was considerably less than Thursday's. Usually the first sign of a red flag. For the momentum to be sustainable you need the volume to be greater for confirmation. Also the RSI is dangerously high..and until we have three days of RSI over 70 for three days which would be a bullish sign..i.e. RSI Over Bought Buried The RSI has been above 70 for a minimum of 3 trading sessions->short term bullish, I consider the RSI dangerous right now. I also suspect that some of the buying is related to the share buyback announced by BHI about six months ago.. it has the same footprint in buyback that I have followed in the past.