I am waiting patiently and hoping to get a nice buy at the bottom of the channel. See Steve Swink's chart below. This not a classic TA setup, but often times buying metal stocks is simply best done at what you think is the bottom of the channel. Technicals have to be supportive of course.
http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=HMY,uu[p,a]whclyyay[d20000914,20041231][pb50!b200][vc60][iut!uv25!uk14!ua5,34,5!up14,3,3!lj[$hui]!lf][J22682585,Y].gif
Let's see where it meanders down to.
cheers,
john
Edited by SilentOne, 03 November 2004 - 12:55 PM.