resistance, page-36

Question is RM are any REE stocks in "strong trend"?
This is a Sector,Sector REE play.PEK is a junior in really a new Sector Resource Play ie REE's. Like I don't think BHP or RIO are IN Ree's?

This differentiates it from a stock standard TA mechanical system triggered by Point and Figure or whatever.

Yes PEK currently is setting off No Search criteria in it's price action.It's been unable to trigger even a basic "conservative" Golden Cross MA's say 20/60.Struggled 10/20.

but RM ya have to be some true believer in REE's to even bother with looking let alone putting your money down in PEK. That's the deal,ok? It's a FA based.

The PEKKERS only care about TA that is "encouraging",feeds their pollyanna aspirations so

PEK made a Higher High,it is now retracing and we are looking for a Higher Low [ie reversal before 27 cents].
There is a possible indication of a Flag Pattern developing.If is does this flag pattern IF confirmed and Broken will target the Happy Days of PEK being targetted into the 40's ie another Higher High and ergo a Uptrend as defined.

see RM that's how it's done.You can't come the P&F method with these Pilgrims to Mammon ya just gotta give 'em Hope.


ps tretch Back in my day I got told this tale by a feminist.
In Japanese there is no equivalent word to No like Absolutely NO!!
seems the Japanese are too polite to have such an absolute negative and that their version translates to like Never in a 1000 years.
Anyhow back in the late 70's,it seems Japanese female tourists had to be strictly instructed in the use of NO 'cos otherwise like never in 1000 years was still 'encouraging' to the local Aussie cheap studs!!

but i suppose d'girls no matter what nationality don't wanna say No to you hey tretchikoff? :-)