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>Did you also check Battlemountan Gold?
By request, chart encl. Nothing sticks out like a sore thumb. BMG is a
definite No-Go, though NEM may be construed to be worth a closer look.
Note the recent accelerating downtrend in NEM. Friend of mine calls this a
Parabolic decline, almost a sure counter-trend buy (look for intraday
reversal patterns).
Re: Ira and trendlines and advance apologies to the list & G. John Boggio
since this may border on off-topic so pl delete:
You know, I penned a piece saying more or less exactly what he said, but hit
Delete before Send owing to my respect for the indicatoritis invention you
have patented. Who am I to interfere when gann fans collide with BobR on a
slow day? There was a post about trading and driving.
If there are any antique car restorers in here, they'll recognize the
passion that Bob$R (that's Bob, $upport Resistance) has for indicators.
He's bound to find something somewhere somehow in that tinkering you do.
Here is that post revitalized from the Delete folder;
> This is where Gitanshu's spread should pay off.
Hey, thanks for the endorsement!
I don't know diddly squat about all this technical speed line domed house on
hilltop expansion contraction mumbo jumbo all you tea leaf reading faith
healers employ <vbg>.
I do know that it is wise to be long volatility ahead of Greenspeak.
----------------
With all this analytical prowess stuff you bring to the table and the 200
lists you frequent, it amazes me that you still milk the market for so much
money and not get paralysis by analysis.
A true zen + sun tzu + warrior + guerilla + technician trader, if there ever
was one!
Although Ira prefers to contribute less in indicators and more in quiet,
psychological areas, often asking questions that make us all sit up and note
the message - I know for a fact that he;s been there, done that.
So: Who am I, humble villager, to take on you two titans going at each other
on a slow, lazy summer day in NYC ?
Now I go back into figuring out if NT's taking out the past 6 bars' highs
intraday today and bubbling 2 bucks under its most recent swing high can be
construed as a completed handle and therefore a buy - since it came on
repititive falling volume - and NT is about to pivot higher on volume that
is already 50% of yesterday's distribution day - or was that a precursor to
failed cup completion on the daily big picture and therefore bearish... and
therefore a buy since everybody sees the failure and piles on short side...
Respectfully,
Gitanshu
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