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Gold/Mining/Energy : Agnico-Eagle Mines Ltd. - AGE (U.S. AEM)
AEM 199.07+2.4%Jan 13 3:59 PM EST

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To: Robert J Mullenbach who wrote (425)9/28/1999 12:41:00 PM
From: Roebear  Read Replies (1) of 1612
 
Robert,
Just to clarify, when I said "Looks like we are backing and filling intraday while daytraders take their profits. i.e. retrace on the gap, this is good", I meant that it was good for the AEM stock chart, not the daytraders. They'll likely be buying it back on the MoMo at a higher price.
That was a good .56 retrace. We may not see a rapid increase until the comex closes. People are used to a bear market, they are expecting the other shoe to drop. There will be a retrace, sometime,
but the other shoe may not drop for years.

Besides the rest of the market looks crappy.

Best Regards,

Roebear
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