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Gold/Mining/Energy : Swing Trading Toronto Stock Exchange Listed Stocks

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To: Vitalsigns who started this subject	11/13/2001 1:16:43 PM
From: 1st.mate	of 2773

Pulled from another thread! *** TA Update (intra-day) *** The market is irrespresible it seems and every pullback is met with buyers. Today the market internals are very strong, with the Nasdaq reaching the 1888 level again, and if the breadth remains strong during the countertrend time, then we could have a firm enough close to take out 1888 by the close today or by tomorrow. The TRINs are very positive for both the Nasdaq and NYSE and the a/d is 2/1 on the Nasdaq and better than that on the NYSE. It appears we have a good chance to avoid a double top on the Nasdaq, instead making a higher recovery high. The Dow looks to have a chance to run to near 10,000 before a substantial correction occurs. If the Nasdaq closes above 1888 this week, then it could run towards 2,000, but first things first, and that means we need to have a firm close today. It will be interesting to see how the countertrend decline looks as it needs to be contained above the Nasdaq gap opening to be bullish. If the gap is to fill, then it would need to make a key reversal before the close.

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