Position Trading in Canada Message Board

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Gold/Mining/Energy : Position Trading in Canada

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To: Ward Nicholson who wrote (1732)	10/14/1999 3:22:00 AM
From: Bruce Morgan	of 2259

That's definitely a chart worth considerable reflection. I'm not a doom & gloomer but you have to believe that this market has had a tremendous run. I agree, a substantial pull back would be healthy and re-position the market for further growth next year. There is a lot of uncertainty for various reasons that make this kind of market hard to trade or even to consider a medium to long term position. A drop to 9300 - 9400 on the Dow is in my opinion likely. If we don't hold there you will probably get your 2000 points. It will be fun to watch. Daytraders will have a field day. The prize goes to the quick & nimble with nerves of steel.

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