Position Trading in Canada Message Board

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Gold/Mining/Energy : Position Trading in Canada

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To: Bruce Morgan who wrote (964)	4/20/1999 6:57:00 PM
From: keith massey	Read Replies (2) of 2259

Hey Bruce...Chief pointed this one out to me yesterday...it sure looks like a triple bottom to me. Today we bounced off the beginning of the gap in mid-Jan. The start of gaps always very strong resistance points. If I was watching today (which I wasn't since I had to work today) I would have bought at $19 with a stop in at $18.50. In my opinion this is still a fairly safe place to buy as long as you have a stop in the mid to high-$18's. However we now have a double top with the second top being lower than the first which is could be considered a long term bearish sign. It should be good for a run until at least $23 which is the first resistance point...unless it opens below $20 which would really make me think twice about a position. How's that for covering my back <ggg> Best Regards KEITH

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