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Gold/Mining/Energy : Silver prices -- Ignore unavailable to you. Want to Upgrade?

To: paul ross who wrote (877)	3/12/1998 3:35:00 PM
From: Ahmed Elneweihi	Read Replies (1) \| Respond to of 8010

Paul, A few comments: If OI is declining on a sideways movement, this should be positive. OI declines on the weak rallies we had lately may only mean that the time for a big move up is not near yet. Do you have figures for the percentage of OI decline? Today, the March contract had what is called in Candlestick charting "a hammer" formation (I think) and this is positive. I notice a Head and Shoulder formation on the March contract? Do you agree? If this is correct, then it is a negative development and one can say the present rise is only to touch the neck line. BUT, if it goes higher than the neckline in a convincing manner, then the H&S pattern would be negated and this would be extremely bullish for silver. Of all the technical analysis I know of, cycles are the least reliable. Do you agree?