Daytrading Canadian stocks in Realtime Message Board

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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime

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To: AllansAlias who wrote (35196)	4/14/2000 4:24:00 PM
From: Cal Gary	Read Replies (1) of 62347

Thanks. I was guessing short covering before the weekend may trigger a strong short term move up 1 hour prior to the close. NOT. Black monday maybe a possibility, but from Greenspan's talks the past few days and weeks I see a possibility of FEDs with a lighter grip on the money supply soon. Other parts of my thinking: Todays openning gap may become a target for traders at 3600-3670 before ascent to 2900. Lots of cash on the sidelines. Obviously it can sit for a while, but I bet itching to get back in soon. I normally don't go more than 3 min bars, but at 5 min bars I see what you are saying. Its basically an interday move you're calling. If your neck line was at 3400, head at 3520, then the target was 3280 (3265 low). So right on, Allan! During the bull phase, end of day, daytraders exit positions. Bugs me because I'm normally a position trader. Conversely, I've now switch my thinking that end of day, daytraders (on the short side) will be covering. This appears to have happened with 15 minutes to go today. Gap up on openning always a possibility. Keep the commentaries coming. Have a great weekend, everyone!

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