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Strategies & Market Trends : Natural Resource Stocks -- Ignore unavailable to you. Want to Upgrade?

To: isopatch who wrote (58549)	7/27/2007 11:22:48 AM
From: JimisJim	Read Replies (1) \| Respond to of 108745

iso, re: BQI... Looking at it here (that other chart is hard for me to read), it's hard to say if we're seeing topping tails or consolidation... downside risk would appear to be 3.30ish... but it is nearing its 200dma, which as I understand it, is where the pros like to buy/trade/sell... don't like the falling rsi, but do like the rising accum/dist... but don't like the heavier than normal red volume bar... so, yes, I agree that it looks undecided right now, but it's been performing very well this week with strong headwinds against it in the sector which makes me optimistic that it will move higher... And in case that chart didn't post, here's the link: stockcharts.com

To: isopatch who wrote (58549)	7/27/2007 11:25:28 AM
From: JimisJim	Read Replies (1) \| Respond to of 108745

iso: I forgot an FA nugget on BQI... depending on whom you believe or the math and numbers one uses, there appears to be anywhere from 1 bbl to 12 bbl of oil per share in that goop that BQI has in the ground... that's a lot of goop per share -- especially at today's prices. Jim

To: isopatch who wrote (58549)	7/27/2007 1:53:47 PM
From: architect*	Read Replies (1) \| Respond to of 108745

stockcharts.com FWIW - I think ISO's TA assessment is sound, based on the daily chart - PVO (12,26,9) MACD (12,26,9) Full STO (20,10, 5) are all overbought and trending down, 5DMA is trending down, money flow is declining. The 200 DMA is providing support at $3.81. BQI is trading well above the 50 DMA at $3.01. The long-term downtrend was recently broken to the upside at $3.09, if the 200 DMA is broken then the scenario of a fibonacci retracement (FB)(38% 50% 68%) is reasonable. Below $3.81 - the $3.20 range $3.56 is the next support level, which fits in with the FB. A cross-up of the 50 DMA over the 200 DMA would be a long trem bullish indicator and confirm the change in the long term trend from bearish to bullish, a break below $3.09 would be bearish. Just my two cents. Is the short interest increasing or decreasing these days?