why is this share rising, page-4

re: why share is rising ... techie stuff Hi folks,

SKR is a diamond play that has been kind
to us in the past and even though it has
been in a long-term downtrend for the
past ten years, there has been some good
opportunities to trade this stock on
the long side.

SKR missed an anniversary cycle in January
this year and since then, we have been
monitoring its progress as it bottomed
out at 4.8, just above our stop .....

Added to this position today, as we have
some Gann-related time cycles in play,
with a 144 calendar day cycle prominent,
in this chart.

A short-term ellipse, inside a long-term
rounding bottom, has served as support,
at recent lows and in a few days we will
see the 10 year anniversary of SKR highs
at 38 cents, on 08031994.

Shooting for an initial target at 6.3,
on 08032004. That level will mark the
medium-term downtrend from the September
equinox high, in 1999.

A gap over that resistance will have us
looking for other targets, at 6.8 and
7.4, which should be resistance, at a
long-term downtrend from the 1994 highs,
potentially by the March equinox, 22032004.

At that stage, we will be looking for
SKR to trade inside a small pennant, until
Neptune goes retro grade on 19052004.

Technically, SKR has the potential to make

a top around .088, before the next 144 day
cycle, on 14062004.

Will post some detailed analysis and a
chart, later.

Nov 2005 options also available = SKROA.

happy trading all

yogi

P.S. ..... holding SKR.

http://easy-trading-tools.00cd.com

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