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Monthly Digger - July 2007


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A number of years back I bought the precious metals fund PMPIX before I had left on a summer vacation with the family. I was kinda surprised later that the fund had actually gained a tad while I was gone and went on to rally into late fall. Actually, the years 2003, 2004 and 2005 did this.

 

If you look at the position of the current PMPIX fund, one may be able to assume that there is a stopping in the price at prior yearly support with some consolidation just above 36.

 

http://www.StockSharePublishing.com/ChartL..._1183175673.png

 

If this chart is any indication that sellers have exhausted themselves, then it may be safe to assume at some point they begin to cover.

 

In that case the almost forgotten stock NEM may have a bottom. I like to think it doesn't have to arrive at prior May bottoms to prove it.

 

http://www.StockSharePublishing.com/ChartL..._1183175857.png

 

Otherwise, HL looks like it's building cause above 7.50

http://www.StockSharePublishing.com/ChartL..._1183176031.png

 

Keep up the good work.

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Triangle patterns:

 

I see a lot of triangles in the miners' charts.

 

Sometimes they're falling wedges.

 

Triangles, nevertheless, are continuation patterns. Thus, I believe that these triangles are correcting prior bullish moves.

 

NG has a possible breakout from a symmetrical triangle.

 

Maybe it's heading up to fill that gap or die at gap resistance

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GSS:

 

Possible triangle breakout.

 

However, it looks more like waves iii and iv of the 5th wave of an ending diagonal. An ending diagonal should be 5 waves with 3 hits on the lower trendline.

 

Thus, it could take a final trip down to 3.50.

 

It looks like an interesting bottom fish if it hits that level.

 

No matter what, the target, once this impulse down completes is 4.10 to 4.20 (waves 4 and 1 of the prior impulse).

 

If you haven't noticed it before, note how ending diagonals create Bullish divergence on MACD.

 

This is my favourite trading pattern. I'll enter a pilot position (about 20% of a full position ) at what I believe is wave v of 5 with a very tight stop below the lower trendline. If I'm stopped out, so be it.

 

If I'm right and the stock takes out the upper trendline, I'll take a full position, usually waiting and hoping for a backtest of the upper trendline.

 

In every case, the initial target, subject to continuing adjustment, is where the wedge began.

 

It's consistent with my philosophy to "buy high and sell higher".

post-1352-1183177484_thumb.jpg

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Hecla:

 

I call this stock "Hellcat". It has a chart pattern that defies logic.

 

Ordinarily, when a stock rises in a channel with constant overlaps, it's bearish and the pattern is a likely WXY, or a more complex pattern of ABC's.

 

So that's what I thought about HL--until it hit multi-year highs, taking out the 2003 highs in April.

 

Posted below is the "WRONG COUNT" chart. It may look like 5 waves up, but 4 overlaps 1. It's just not possible in wave 3.

 

Also posted below is the "INCREDIBLE RALLY" chart. It has 4 sets of 1/2 patterns signalling a host of 3rd of 3rds to follow.

 

The reason I call this the "incredible rally" is that 3rd waves are strong impulses.They don't usually start from a host of overlapping patterns.

 

I've posted my bullishness about selected silver stocks--SLW, HL, and CDE (bottoming), despite the smackdown in SILVER itself.

 

HL could be the leader of the leaders if that "incredible rally" chart is accurate.

post-1352-1183183646_thumb.jpg

post-1352-1183183680_thumb.jpg

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ageka, i read your post on m/m and its how it is posting. i too have been trading futures since 79 and i moved over to the stock side after 88. i post to try and help folks. anyway, i always read your posts.

the harmonics bottom on my work july 12-18. most lose money @this. emotions play a big part in that and also not having studied the beast, leads to loses. having brokered and traded, i have come to the conclusion that finding a trend and taking a position and holding it, leads to the biggest profits. and its easier on the trader. constantly making decisions is a tough way to go. so, i am holding. yes the last year has been a trading range , but i believe it is about to end and new highs will be seen in 1st quarter of 08. dharma

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I have read the Investors Quotient by Jacob Berstein

 

Some people like to lose money because it is easier to tell to anybody else you lost a bundle then to tell somebody you made a bundle and face the envy

Emotions are the ennemy

 

 

It is allways wonderfull that you and I come to the same timing by different ways

 

Yes apart from my option sprees I also choose a side and buy and hold

 

I was trying to help goldcoin buyers by grading for free goldcoins ; nobody ever thanked me because they all expect a higher grade which they can buy from any of the 40 or so grading companies . I just stopped that ; if they want make belief they can go and buy it :ph34r:

 

I asked for some computer help on that coinforum and notwithstanding there are at least three computer engineers nobody wanted to help .

 

I appreciate your posts very much

 

August

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I need some computerhelp

 

I want to connect a new XP pro laptop sitting next to a pentium on win98 SE

So that the laptop is the master and the other the slave

Programs should be executionable on the slave .

 

The only advise I got sofar is to install a router and ethernet card and ethernet cabled network and run pcanywhere or netmeeting which is build to operate your computer from the other side of the world ;

but they are sitting side by side .

 

Any computer specialists amongt you have any idea ?

pm if you want

thanks

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I need some computerhelp

 

I want to connect a new XP pro laptop sitting next to a pentium on win98 SE

So that the laptop is the master and the other the slave

Programs should be executionable on the slave .

 

The only advise I got sofar is to install a router and ethernet card and ethernet cabled network and run pcanywhere or netmeeting which is build to operate your computer from the other side of the world ;

but they are sitting side by side .

 

Any computer specialists amongt you have any idea ?

pm if you want

thanks

588555[/snapback]

 

Ageka, what worked for me in the past is just using a simple "cross-over cable". You obviously need an ethernet card in each computer and then just connect the two directly with the cable, which is only a few bucks.

- Make sure they have the same WORKGROUP name.

- Enable File and Printer Sharing for Microsoft Networks.

- Enable or add the right network protocol (under LAN, add a new protocol if you don't already have it, I believe simple NetBeui will do but maybe ipx / tcp).

 

Then under network neighborhood you should see the name of the other computer listed and be able to browse whatever you've shared.

 

(Sometimes different OS don't behave well, I can't remember which combo I ran into problems with...but it's likely win9598 with 2yk or above).

 

Before, in order to control my computer at work from home, I used simple Microsoft 'Remote Desktop Connection' which is installed on all newer computers - older computers you just have to download/install it. It was a beautiful thing..

 

I'm writing this from memory and it's been about 2 years since I've hooked up my older computer - so no guarantees.

 

Hope it works out!

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