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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime
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To: keith massey who wrote (35291)4/16/2000 5:34:00 PM
From: AllansAlias  Read Replies (3) of 62348
 
Allan

Always good to look at the bigger picture but I am trying to figure out where we are going in the short term.


A: Down.

Keith, Not to put too fine a point on it, but I think this is a futile effort. If you are trying to figure this out for the morning, then mathematically (from a price action point of view), your chances of success are near zero. The only thing we can hope to with any success now is to move to a bigger picture.

Here is an analogy. As you focus closer and closer on an object that is moving at increasing speed, you will come to a point where you will only be able to calculate the speed, not the direction.

The market is wounded. My opinion is "Fade the breakouts and sell the LT into rallies."

--Allan
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