XNG the large gas index in usa got back to old highs last night and made a new high to boot ; http://stockcharts.com/freecharts/gallery.html?$xng
It has now done 2 = ranges of 50 points [approx ] , 639-689 and 660 to 709 .
Logic would say with a break of old tops and the 2 = ranges it will now reverse for 3 days .
http://stockcharts.com/freecharts/gallery.html?ssn
SSN still looks to be going sideways which is dissapointing but I note the last 3 years of 2008 , 2009 and 2010 the price has exploded upwards in December . 08 doubled , 09 went up several hundred percent , 2010 went from 1.10ish to 4.75 so over 300 % .
Guess the moral of the story is the longer ssn consolidates here the more likely it will rise 100 % + from late November early December . Money will cycle out of the leaders hence the reason for showing the xng chart into the small and mid caps .
Unfortunately these charts are crap as they compress the data the higher it goes , don't be fooled .
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chart is x ing to the buy zone , page-3
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