Daytrading Canadian stocks in Realtime Message Board

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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime

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To: The Devil Dog who wrote (22533)	10/18/1999 5:02:00 PM
From: Cameron	Read Replies (2) of 62347

Nano Power... Well, I never would have believed that we'd close at 6870.... so I thought for sure that, based on the nanos, that tomorrow was going to be another slide with the announcement of the CPI....(they might not know about the CPI but they do have ESP!!) Given that we did hit their forecast exactly however, it means that today should be a bottom (The nano and actual lines cross on a bottom reversal day). For tomorrow, the number the nanos are spitting out is 6820.... but the day after a reversal they always overshoot. An overshoot on the order of 150-200 means a significant reversal which will last a couple weeks. A small overshoot means we just have a short rest for a day or two and may then see another downturn unless there are counter indications prior to that. What this all means is that the nanos believe the close tomorrow will be up. If it is between 6970 - 7020 then it will be a real reversal... if it is less than that it is more of a bull trap scenario. Well.... personally I like the 7020 scenario - LOL!!!! I guess if it comes true we'll be hearing a lot of yayayayayayayas!!!

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