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

To: IngotWeTrust who wrote (552)	4/7/1998 11:10:00 PM
From: Ross	Respond to of 3558

ole 49r.. Thanks for the compliment but it is a little early! :~). Seriously, this is just corrective, so far, in a otherwise up (short term) trend. There is good support at $21.00 (American ABX). That is Elliot wave 4 bottom and this is usually strong resistance. I will post a chart (60 minute) and EW4 low is shown (4/1/98). You can look back on the same chart and notice the previous EW4 (3/2/98) was support for EW5 on 3/20/98. teleport.com (to all, this chart will disappear in a couple of days.. Please forgive me if this becomes an inconvenience.) Upside resistance now is at $24.00 (posted on the chart). And Longer term upside I have revised to $26.00 possibly $28.00.. This,in no way, suggests ABX will go to these levels only that they are theoretical price projections.. Ross