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Post# of 18894
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Bird of Prey

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Re: bbgold post# 861

Friday, 01/25/2002 12:59:13 PM

Friday, January 25, 2002 12:59:13 PM

Post# of 18894
I agree with the 9900 as resistance. It is confirmed by the C&H pattern as well as last weeks support. I don't have an opinion on whether or not it will break above the 40 or 50 day EMA. I use 30 and 200 day myself. Though I will say this, I would consider a close above 9900 to be very bullish and if Monday continued we would have a breakout. Nothing I see gives a reasonable expectation of that though. Moreover a failure to break above 9900 would reinforce the downward trend. Remember the trend is your friend. Trade with it not against it.

The Bird of Prey

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