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Gold/Mining/Energy : Winspear Resources
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To: Clifford A. Brown who wrote (16023)3/18/1999 1:41:00 AM
From: John Paquet   of 26850
 
CAB;

It appears that you have changed in your learning behavior however you still have a litter problem i.e. re your last comment "If your failure to answer my post would be a clear indication that ........ the rest of stuff.

CAB; this will be my last warning if you could not behave nicely in the normal WSP classroom, I will be regretfully act on stricly on my principle and rules. I let you get away this one. As you know anything conditional is not good is not much less different than your requet to ask me to reply to the other thread. That was contional, too; you see. CAB.

Now let go on to the right business. Our wsp is very much so in that down trend it will continue to go down lower much much lower than that last low of $2.85. This two day trading upticks is just a correction from recent down move from that $3.50 to $2.85.

If we compute the number you see $3.50 -$2.85 =$.65

50% of that correction is $.65 X50% = $.33 {by round into nice number}

50% retracement level at $2.85 +$ .33 =$3.18

our wsp indeed hit that $3.18 actually it hit that $3.25 for a trade and lasted only less than a second then our wsp started to go down again to that $3.05 and closed at $3.07.

CAB; this is a textbook style of correction market trading pattern, nothing else. After market went down $.65 and gave back that $.33 is very normal CAB. Tomorrow it will go below that $3.00 again CAB.

And you will see real bears are in charge again.

CAB, you are too naive only saw two day's upticks then you said "Looks to me it's hovering around 3 bucks and maybe climbing? Looks to me like no one's raising and no folding." CAB.

This correction to that $3.18 is greatest opportunity for experienced investors or traders like Your Master Mr. John Paquet to short sell more without entailing any risks what so ever. CAB.

I hope this is a great lesson for you to learn how to make money in this stock market as I said this is my last warning and you will lose forever opportunity to learn from your Master Mr. John Paquet, multi-millionare to teach you free investor lesson without your paying a penny. Cab.

The above analysis is called Technical Analysis. CAB.

As this post appears too long I shall post next analysis which is called Fundamental Analysis. CAB. Stay tune!!! for answering you the other 3 fundamental questions.

John Paquet

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