Monday, November 13, 2006

Charts of Interest - STP / PAAS

Comments: STP may be on the verge of a downtrend break. If it does break the downtrend, the next points of resistance would be 28, 30 and 32. with 30 to 32 the most likely next major resistance.

Comments: Relative Strength. Can PAAS stay above its broken downtrend? I'm betting it can. Certainly an upgrade to sector outperform by CIBC while some other precious metal stocks are getting slammed doesn't hurt. Actually, SLW has also been showing a lot of relative strength today

Did I mention that I'm more bullish on Silver than I am on Gold?

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