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Re: Looking bearish

hyrule222...@yahoo.com

Ah, meistro, my crystal ball... I am following three companies and GLD
at the moment,
watching so I can time my entry right...

Well, nothing goes up and down, poor old GLD is exhausted after
running so hard so fast,
so now she is retracing... she could be pausing at 92, the money flow
has turned from -7
to +1, but that is a very short indicator... this is a nasty bear, I
expect GLD to hit at least
84, if not 82, before she turns uberbullish again... as the gold spot
turns down, people take
profits on their gold, gold ETFs, and gold stocks... but, it is
possible gold will
just turn North again at 920...

AEM looks kinda flat, even long (six months).

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Market Phase: Warning This indicator compares long term trend with
short term price action to explain the current phase of the market.
According to the indicator, the stock of Agnico-Eagle Mines Ltd. is in
the Warning Phase. The market for AEM may have briefly paused from
rising, and is now showing weak signs of selling.

Short Term Trend:      (-5)  The short term trend indicator only looks
at 10 to 20 day timeframe to determine the current trend. Agnico-Eagle
Mines Ltd.(AEM) is currently mildly bearish.

3 Day Money Flow:      (-2)  The money flowing for last 3 days in AEM
has been congested with slight down trend. This indicator summarizes
the price and volume activity over last 3 days. It is a very short
term indicator.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Recent CandleStick Analysis
Bullish
Date    Candle
Feb-26-2009     DOJI
Feb-25-2009     Inverted Hammer
Feb-24-2009     Bearish Engulfing

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

MACD Short      VBe

That's indicative you are retracing down...

If you like the company, and want to buy it, I would watch the price
of gold
and hope it continues downward a tad, and grab your first batch of AEM
at $39.
Buy more at $32. Finish up at $26, which I doubt you'll ever see.
But,
if Godzilla shows up, you might even see it below $20 before this bear
goes to sleep. Be ready. It definitely looks like a double top at $56.

Do not underestimate the Jimmy C. factor, he can make junk float on
water,
I have seen it with my own eyes.

Basically, AEM already had a nice run up from $20 to $56, so with gold
retracing down, so AEM will take a breather. Earnings were reported
Feb. 18th, let's see how they did... expected was -.13 to +.04 cents
per share,
that's kinda ugly... they came in at -.01 cents per share...

Now, supposedly the money has been tight because of investments in
their
operations, and that investment is complete and ready to pay off.
I certainly hope so, because if you are losing money with gold
this high, well, you kinda suck at gold mining.

Of the three stocks I am watching, this one is the least bullish of
all.
That could be because AEM had such a nice run for 3 months. It could
be because it is joined at the hip with the gold spot. Perhaps it is
because
folks do not like companies that are losing money too...