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

To: chris714 who wrote (102083)	6/4/2008 2:31:24 PM
From: chowder	Respond to of 206119

Re: WNR ... >>> any thoughts on appropriate re-entry points on WNR? <<< It's too soon to tell. At this point, and the session isn't over yet, we have what is known as a wide range bear bar on double the average daily volume. I never buy a down wide range bar. I wait to see how price consolidates in the following days and see if the selling subsides. It's at that point when I determine a new entry. I don't know how far price is going to correct, but if it were to drop down to the 10.50 to 10.75 price point, that would denote a logical point for a low risk entry. I don't know if it will get that low and if it does, I would have to make another analysis of the supply vs demand structure at that time. Otherwise, I wait and see how price consolidates in the coming days.