Comments: TRE looking a little scary with that giant head and shoulders top pattern looming large. Now with a possible pullback in Gold, TRE will need to hold on to that trendline. It seems that with the current breakout in place in the Amex Gold Bugs Index (HUI) however, a break down from the Head & Shoulders is unlikely and TRE may be a good pick up here. High volume recently indicates a possible seller washout.
Wednesday, September 06, 2006
Chart of Interest (TRE)
Comments: TRE looking a little scary with that giant head and shoulders top pattern looming large. Now with a possible pullback in Gold, TRE will need to hold on to that trendline. It seems that with the current breakout in place in the Amex Gold Bugs Index (HUI) however, a break down from the Head & Shoulders is unlikely and TRE may be a good pick up here. High volume recently indicates a possible seller washout.
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