National Challenge Systems (TSE:NLC) Message Board

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Gold/Mining/Energy : National Challenge Systems (TSE:NLC)

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To: Heather who wrote (417)	8/30/1999 7:38:00 PM
From: Cal Gary	Read Replies (2) of 453

Impressive week of trading. But we're back to about the end of May. At that time, I believe we were oscillating around 2.80 and couldn't break 3.25. It was also at that time when the first rumor hit. So we're strike two on two rumors, so far. Nice base was built from 1.45 to 1.80. Then impressive volume and how resistance at 2.00, 2.25, 2.75, 2.90 were taken out with ease. Breached 3.20-3.25 briefly this morning but that was it. By early this morning Stoch and slow stoch indicators were "finally" in overbought. MACD Buy signal from last week and OBV aligning with this week's move. A breather this morning instead of the jump would have been healthier (IMHO), needed to stay out of overbought. But I suspect the technical traders / trading kicked in, so its not surprising we are now down to 2.80. IMO, with the volatility and range we got today, trading is going to be choppy here on in, unless we get some news. Better yet, a string of news. Then we might see an attack on the 4.00. The bottom of the gap. Any other re-caps, comments, objections?? Please post your opinions.

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