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Technical Alert
Jan 7, 1999
CMN Edition
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TEXT and HTML version attached. HTML can be clicked on
at bottom of text below... it is considered more readable
by many subscribers..
* Note: We are offering a one (1) month trial in this Technical
Analysis Section of the newsletter. After that subscriptions are
$50.00 CDN per year.
The subscriptions can be made at any time at the email address
below.
The tech updates are a continuously running sophisticated algorithmic
analysis of the trading patterns of the 5 Canadian Exchanges. As
such they should be sufficient to identify in advance moves a stock
might make under the traditional pattern of acquisition and promotion.
In practice in the past three years it has proven that a basket of
these stocks have advanced with clear warning. We advise trading as
always with worth being uppermost in ones mind.*
Today's signals comprise stocks that have triggered a signal on the
current date.
With reader input and other sources these stocks can be selected for
continuation in Section 2.
A prior volume signal may also show up when a technical signal is
registered. This only means that in the recent past a volume signal
has also registered.
Home Page - members.home.net
Quotes and Market Watch - members-central.home.net
(Cut and paste the https site in your browser..this is not a
misprint)
SECTION 1 - TODAY'S TECH SIGNALS
(Price/Month/Day/Year)
ASE--
NAME SIG CLS VOLUME TECH SIGNAL VOL SIGNAL
ETR EUROPEAN 6 0.13156,500 0.13/01/07/99 -
FST FIRST 6 0.44 61,500 0.44/01/07/99 -
LUX LUXELL 6 1.35 31,200 1.35/01/07/99 -
Read releases,, add to section 2 ??
SOP SOLANA 6 0.64175,500 0.64/01/07/99 0.64/01/07/99
OTC--
NAME SIG CLS VOLUME TECH SIGNAL VOL SIGNAL
INOL.U INTEROIL 6 1.60 16,420 1.60/01/07/99 0.95@12/04/98
Strong move from volume signal 30 days ago
MSE--
NAME SIG CLS VOLUME TECH SIGNAL VOL SIGNAL
coming soon
TSE--
NAME SIG CLS VOLUME TECH SIGNAL VOL SIGNAL
ABK ALLBANC 6 31.45 30,794 31.45/01/07/99 -
AOS.UN ATHABASCA 6 18.20 19,740 18.20/01/07/99 -
FWR FREEWEST 6 0.47141,765 0.47/01/07/99 0.45/01/04/99
GTE.U GST TELE 6 8.50825,000 8.50/01/07/99 8.50/01/07/99
MNG MERIDIAN 6 8.70645,900 8.70/01/07/99 -
NET.A CLEARNET 6 17.00 14,785 17.00/01/07/99 12.50/12/21/98
Dow Jones reported a rumour on Tuesday that Bell Canada, a unit
of BCE, was interested in buying Clearnet…( and they say spec
stocks are volatile)
PTX PLATEXCO 6 3.70 34,500 3.70/01/07/99 -
STT SUTTON 6 7.25867,100 7.25/01/07/99 6.65/12/23/98
TWH TRI-WHITE 6 2.05611,900 2.05/01/07/99 2.05/01/07/99
VSE--
NAME SIG CLS VOLUME TECH SIGNAL VOL SIGNAL
RRE REG TECH 6 0.77 42,900 0.77/01/07/99
URI Ulysses 6 0.16586,667 0.16/01/07/99 0.16/01/07/99
SECTION 2- CURRENT PICKS (Tech signals on followed stocks updated daily)
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Section 2 contains stocks that have generated a technical signal and
warrant further watching based on readers discussions or other sources
of information. Signals are computer generated on stocks based on
technical analysis of a stocks price and volume which causes the
software to produce a signal.
A golden rule that you should consider for speculative stocks is "sell
half on a double". There is a good essay link on our Market Watch page
regarding trading rules. Don't fall in love. Don't make excuses for why
a stock is starting to perform poorly. Sell ruthlessly.
SIG: Today's total positive indicators out of possible 6
TECH SIGNAL: (historic) First favourable signal date with price
VOL SIGNAL: (historic) First favourable volume signal with date and
price
SUBHIGH: Subsequent price or Index value reached at high reached after
historic signals.
Negative SIG's are in parentheses (2)= -2
The total signal number is arrived at by subtracting the negatives
from the positives.. This applies to the tech-signal that is in
the volume indicator section or section 3 too.
Today's Close Data ---------------> Historic SignalDates------------|
(Price/Month/Day/Year)
ASE--
NAME SIG CLS VOLUME TECH-SIGNAL VOL-SIGNAL SUBHIGH
VNE VALU-NET 6 0.77 88,000 0.40/11/30/98 0.40/11/30/98 0.89
Canaccord comment: Strong board developing E-commerce software.
OTC--
NAME SIG CLS VOLUME TECH-SIGNAL VOL-SIGNAL SUBHIGH
MSE--
NAME SIG CLS VOLUME TECH-SIGNAL VOL-SIGNAL SUBHIGH
MIQ Mirandor 6 0.32 155,000 0.27/12/12/98 0 0.33
BX EXPLORATION 4 0.13 43,000 00.12/12/12/98 0.14
TSE--
NAME SIG CLS VOLUME TECH-SIGNAL VOL-SIGNAL SUBHIGH
FAN FARALLON 2 1.25 94,950 1.35/12/31/98 1.00/11/19/30 1.53
MCC MOBILE CLI 2 1.17 26,000 1.10/11/20/98 1.10/11/20/98 1.19
Comments have been posted to discussion thread re MCC, see link
within letter
CTQ CORRIENTE 4 0.74 80,700 0.75/12/11/98 0 0.75
JDX JORDEX RES 0 0.48 21,880 0.50/12/12/98 0.54/12/07/98 0.50
XLX XILLIX TECH 6 1.30 137,446 0.83/01/05/99 1.30/01/07/99 1.35
Up 63% from our signal 2 days ago….volume signal today as well
VSE--
NAME SIG CLS VOLUME TECH-SIGNAL VOL-SIGNAL SUBHIGH
VI Van Index 2 408.67 20,901,032 406/11/05/98 0 408.67
Vancouver is on the march!
NRT Nortran 6 1.31 83,700 0 1.20/12/02/97 3.15
TMI TRIVALENCE (2) 0.80 2,000 1.20/09/04/97 1.25/09/17/98 1.70
MRY Mercury Sch 6 1.25 45,300 0.74/09/25/97 0.71/09/24/98 1.60
UBS PCS Wireless 0 0.21 119,200 0 0.48/01/19/98 0.70
SJD St Jude Res (4) 0.83 15,000 1.49/05/22/98 1.49/05/22/98 2.90
WSP Winspear 2 3.74 938,933 1.19/05/22/98 1.19/05/22/98 4.85
MNP MADISON ENT 4 2.28 16,497 1.20/10/09/98 2.40
AZS ARIZONA STAR(2) 1.11 119,900 1.36/09/19/98 1.56/09/28/98 1.80
VLV Velvet (4) 1.89 33,900 1.68/10/02/98 2.25
NNS Net Nanny 6 0.94 13,000 0.61/10/15/98 0.55/11/25/98 1.25
LCR Lucero Res 2 0.71 52,500 0.32/10/16/98 0.32/10/16/98 0.82
BMS BIOMETRIC 1 0.18 0 0 0.22/10/23/98 #N/A
SMR STRATHMORE 2 0.50 33,000 0.42/10/05/98 0.40/11/05/98 0.60
VLG VALERIE (2) 0.76 20,900 0.80/11/30/98 0.75/11/27/98 0.84
ARP Argentina 2 5.30 150,800 0.65/09/25/98 0.50/09/14/98 5.70
*Special Note: ARP was added for following on 12/14/98 at 5.15
SECTION - 3 TODAY'S VOLUME SIGNALS
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Volume signals comprise stocks that have triggered a signal on the
current date,
Depending on reader input and other sources these stocks can be selected for continued following in section 2.
A prior TS signal may also show up when a volume signal is registered.
This only means that in the recent past a TS signal has also been
registered.
If the current date on the volume signal is not today's, it means that
there was a prior signal. Thus it may appear in Today's Volume Signal
section based on a signal generated today but the prior signal takes
precedence.
The number that is in the SIG column is the combined positive and
negative Technical Indicators that registered upon the volume signal
registering. Obviously if there is a 6 then no negative signal
registered. A 2 could mean the 4 positive and 2 negatives
registered.
(Price/Month/Day/Year)
ASE--
NAME SIG CLS VOLUME TECH-SIGNAL VOL-SIGNAL
DOY DOREAL 2 1.15 310,600 0 1.15/01/07/99
SOP SOLANA 6 0.64 175,500 0.64/01/07/99 0.64/01/07/99
OTC--
NAME SIG CLS VOLUME TECH-SIGNAL VOL-SIGNAL
ITLP INTL TELEP 6 0.12 1,378,000 0 0.12/01/07/99
MSE--
NAME SIG CLS VOLUME TECH-SIGNAL VOL-SIGNAL
ECU ECU GOLD 6 0.27 195,680 0 0.27/01/07/99
SMY SAMSYS 6 1.01 187,616 0 1.01/01/07/99
TSE--
NAME SIG CLS VOLUME TECH-SIGNAL VOL-SIGNAL
GTE.U GST TELE 6 8.50 825,000 8.50/01/07/99 8.50/01/07/99
STT SUTTON RES 6 7.25 867,100 7.25/01/07/99 6.65/12/23/98
TEO TESCO CORP 2 7.15 310,606 0 7.15/01/07/99
TWH TRI-WHITE 6 2.05 611,900 2.05/01/07/99 2.05/01/07/99
XLX XILLIX TECH 6 1.30 137,446 0.83/01/05/99 1.30/01/07/99
CRJ CLAUDE RES 4 1.95 190,042 0 1.95/01/07/99
VSE--
NAME SIG CLS VOLUME TECH-SIGNAL VOL-SIGNAL
UTO Uniglobe 6 2.80 231,350 1.70@NOV24/981.60@OCT22/98
Canaccord comment: Surge in market confidence as parent co.
provides $1.5 @ $3/sh. Developing online travel booking. Sh$ hit
$3.20 in November with quarterly sales of $3M.
URI Ulysses Int 6 0.16 586,667 0.16/01/07/990.16/01/07/99
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Readers Comments and General Discussion
Comments have been posted to the Web page address below :
members-central.home.net
(note..the above works... you just have to cut and paste it..)
timmins.vianet.on.ca
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From the Gold Mining Outlook….. goldminingoutlook.com
WE HAVE BEEN IN A BEAR MARKET SINCE LAST SPRING, IN CASE YOU DIDN'T
NOTICE: I get e-mail from readers all the time asking when the bear
market in stocks will begin. Here's the answer: It started on April 22,1998, when the Russell 2000 hit a new all-time high of 492.28 intraday, then ended the trading session with a net loss, marking a bearish key reversal. In spite of all the hoopla about the large-cap Nifty Fifty type stocks such as Cisco Systems and Dell, or anything that is remotely connected with the internet, the Russell 2000 is far below its April peak, and repeated rally attempts have begun to trace a clear downward trend line at extremely high levels, typical of a generational top. The fact that the major indices are at new highs, with the broader market failing to participate, actually increases rather than decreases the likelihood of a major collapse, as was witnessed in early 1930 and early 1973 when exactly the same behavior occurred. Those who forget the past deserve to repeat it. Given the huge gap above the long-term support line, this could turn out to be the greatest bear market in U.S. history.
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He could be right..but sheeesh what a pessimist! --CMN
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