OldMan Posted March 28, 2005 Report Share Posted March 28, 2005 The odds are building that we are very close to the lows, to be confirmed by a week of meandering around these levels. I would like to see the HUI stabelising somewhat above 200, while the POG will ideally bottom out at around 420... Good luck <{POST_SNAPBACK}> That is my guess, too. We should get at least a bounce. OldMan Link to comment Share on other sites More sharing options...
Charmin Posted March 29, 2005 Author Report Share Posted March 29, 2005 well guys, since we are dealing with stocks that are in trading ranges picking the support areas is tricky - even on weekly charts.... I wasn't too happy to see NG fall below 8.50 and now a confluence area comes in around 7.69 which is basically a .618 retrace of the last move off of the low of 6.40 back in Dec. '04 we used to joke about backing up the truck and loading up - but I certainly don't like backing up the truck on price - especially if it's for months on end.... starting Tuesday thread shortly Link to comment Share on other sites More sharing options...
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