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Strategies & Market Trends : TA- Advanced GET -- Ignore unavailable to you. Want to Upgrade?

To: Rex Takasugi who wrote (886)	2/24/1998 7:21:00 PM
From: Ross	Read Replies (1) \| Respond to of 1551

To All, Not many post their actual trades on this thread. Please let me know if this is inappropriate.. I have been waiting for a trading opportunity in ABX and that may be at hand. The recent retracement is now between .50 and .62 (Typical EW2) of the move up from 1/12/98. There is MOB support at this level and the new indicator (TJ ellipse) suggests this as a retracement possibility.. Also, I use "what if" to go out a few days and there is a 'bias reversal' in the next two. These have been quite accurate in the past, picking short term bottoms.. The stochastic bar suggests a strong upward bias .. Also, the people in the know, about silver, seem to see another move up soon.. Gold has been riding the back of silver and this could give some support. Originally I thought ABX would go down to the MOB at around $14.00 but the stochastic bar suggests, to me, otherwise?.. I'm not "long" presently but considering the possibility.. Chart: teleport.com (this will disappear in a few days, sorry if this creates an inconvenience) Ross