November 2005, Volume 2 Issue 11                          Know It - Profit!


"Gold Sector Shines Through... Mining Stocks Lead The Way"

Greetings!

All that glitters must be gold... the gold sector, that is!

With June 2010 gold futures trading near $580, the prospects for mining stocks look golden.

But first, are the broad indices making any headway?...





The Russell 2000 (^RUT) continues to outperform the other indices. But, in a congestive market it may not mean much.

Will it continue to lead the broad markets on the road to nowhere? Or, is a major correction ready to unfold?

Find out where the Russell 2000 is headed in Market Metrics...


Click Here For Broad Market Analysis











The PHLX Gold & Silver Sector (^XAU) is shining this month. Who else is making the grade?

Go to Market Metrics for more leaders and laggards...


Click Here For More Stock Sectors











Newmont Mining Corp. (NEM) is making great strides... up 20 percent since July.

Will it continue to dig solid gains?



View Current Chart of NEM


First, the completion of the fourth Elliott wave was confirmed after price retraced 50 percent of the third wave.

Next, the 138.2 to 161.8 percent Fibonacci extension, which is based on the third wave, forecasts the completion of wave five between $52.50 and $55.25.

Also, the projected price channel has NEM reaching its price target window beginning in mid-November. The price channel is derived by applying Andrew-Babson lines which will be covered in future issues of Chart Wealth.

Finally, the relative strength index found support at the 40 line and should continue up its projected channel... also, created using the Andrew-Babson lines.







Where Are They, Now?...

In the September issue of Chart Wealth, I called for Halliburton Co. to hit a price target range of $63 to $67.

Did it make it? Charts In Action has all the details...


Click Here For Charts In Action








Remember, you need to compare my analysis with yours and determine whether it makes sense and fits with your trading style.

My goal is to show you how technical analysis can uncover trading opportunities... with ease and consistency.

My intention is NOT to provide you with stock picks!

Until next time...

Good trading,

Russ Schmidt, President
Stock-Charts-Made-Easy.com





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Stock-Charts-Made-Easy.com is not an investment advisory service, a registered investment advisor or broker-dealer and does not imply or suggest which securities you should buy or sell. You should always check with a licensed financial advisor and/or tax advisor to determine the suitability of any investment.

It should not be assumed the technical indicators, analysis techniques or trading methods presented in this newsletter will be profitable or that trading decisions based on their use will not result in losses. Past results are not necessarily indicative of future results. Examples presented in this newsletter are for educational purposes only. Any trade set-up illustrated is not a solicitation to buy or sell a security. The author, publisher and any affiliate linked to this newsletter assume no responsibility for your trading results. Remember... there is a high degree of risk in trading.


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CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.



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