Trade the Cycles

Thursday, October 04, 2007

MGH - China Gold/Silver/Base Metals Play!

See http://stockcharts.com/charts/gallery.html?mgh, and, see http://finance.yahoo.com/q/pr?s=MGH. MGH put in a Cyclical Bear Market cycle low at 0.65 in August 2007, then put in a bullish double bottom cycle low at 0.66 in September 2007, and, just hit a major 5% follow through buy signal this week, which confirms that the cycle low at 0.65 in August 2007 is a Cyclical Bear Market cycle low, so, MGH is in a Cyclical Bull Market since it's cycle low at 0.65 in August 2007.

MGH needs to do an Elliott Wave ABC down up down monthly downcycle before I'll look to trade a very modest position. None of the stocks I discuss/analyze are recommendations.

....... http://www.JoeFRocks.com/