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Gold/Mining/Energy : Barrick Gold (ABX) -- Ignore unavailable to you. Want to Upgrade?

To: Goldberry who wrote (368)	1/18/1998 11:50:00 AM
From: Greg R	Read Replies (3) \| Respond to of 3558

Graham - In the Dec 28 Inpathique Newsletter the forecast called for Barrick to continue its drop from the Dec 24 high and reach a low around Feb 20. On its way down it would reverse direction for a couple of days and probably peak on January 15 at a price of $26.80 Canadian. This move up was expected although it didn't get there until the 16th. Inpathique Analysis refers to it as a First X-over. i.e. on a bear run for example like this one which started Dec 24. It drops for a time, then reverses direction and rises up over this First X-over and then continues on for the next phase of the bear-run. Thus, the was no lost sleep over the correction. It was normal and anticipated. I just wish I could have taken better advantage of it than I did. The peak on the chart was straddling the 15th and 16th. I picked the 15th to be on the safe side. On your P.S. question. I do a lot of charts that appear in the Newsletter including the DOW, ABX and precious metals index ones. Greg