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re: saucer pattern... The chart is showing a typical Saucer...

  1. 162 Posts.
    re: saucer pattern... The chart is showing a typical Saucer Pattern that is not common – a period of decline with a flattening along the bottom before starting to rise again.

    When the saucer pattern is in the upward direction it offers a strong buy signal, particularly when it follows a previous saucer pattern beginning July 2002.

    In Oct 2003 it broke from this pattern rising from .037 to .085 over a 2 week period before beginning the decline.

    A rise equal to the depth of the saucer is expected. In this case the height of the outer rim is 6c.

    Watch for resistance/consolidation at the 3, 4, 5c mark.

    As someone else commented, “Money is still flowing into RRS rather than out!”
 
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