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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime

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To: The Devil Dog who wrote (27509)12/17/1999 5:34:00 PM
From: keith massey  Read Replies (1) of 62348
 
For anyone on this thread (not you Wayne <gg>) that still doesn't believe in TA chart formations...

To: Olga Kits (27410 )
From: keith massey Thursday, Dec 16 1999 3:59PM ET
Reply # of 27510

Take a look at the chart for LNUX... it has formed almost a perfect ascending triangle (bullish) in the past 3 days off the bottom. I see this as a make or break point in the short term for LNUX... It is trying to break to the upside right now and if it breaks we could see a big up move which will carry all or some of our Canadian favorites with it. Since the break is happening as we speak I thought people would want to know...


Today it gapped up right at the apex of the triangle and never looked back and closed up $44 for the day. Of course I didn't make a cent of it because I didn't play it but it is good to remind people to look for these things on multi-day charts.

I'm going to have a good weekend after my JDX finally did the move I have been waiting this whole time for. Man I have been in that one for a long time <gg>

Best Regards
KEITH

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