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Gold/Mining/Energy : T.ITE: iTech Capital (TSE)

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To: Claude Cormier who wrote (895)9/14/1999 3:58:00 PM
From: keith massey  Read Replies (2) of 5053
 
I wouldn't read too much in these trades
Claude....I read too much into everything...it keeps me on my toes

Make or break point on JDX....hope you like my art work...

The volatility is next very low which usually happens right before a big move...right at the apex of a very long triangle...

Short Term...
-Both volume and ADX are confirming the triangle...
-Although the stock has been dropping the On Balanced volume continues to climb (normally bullish)
-At resistance from Fib. (50%-62%), trend-line and prior trading range. Overhead resistance at .88.

Long Term
-ADX is still showing an uptrend (above 30)
-Downtrend from March 96 to April 98 looks to be broken
-The current downtrend from April to August could easily be a big bull flag. The dropping volume through this drops tends to point to this conclusion. If this is a flag it is longer than the one formed in Oct-Nov 96 before the big move but still has all the characteristics of a bull flag. The measuring move on this flag would take us to around $1.50 on the leg which corresponds to the a resistance point...If we get there I will be looking for a small pullback

Short Term Chart
intelligentspeculator.com

Long Term Chart
intelligentspeculator.com

Kaiser's report has still not been posted to the Website...hopefully this pushes it to the upside...I picked up a few more today.

Best Regards
KEITH

P.S - Thanks for the great site Theresa (http://www.intelligentspeculator.com)
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