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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime
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To: Shaw who wrote (35302)4/16/2000 9:12:00 PM
From: AllansAlias  Read Replies (1) of 62348
 
Shaw,

I know it must be boring to hear it over and over, but I think it is going down. I have lots of reasons. Primary among them is that we have not come down very far yet.

I think the NASDAQ 100 violated its last s-t trendline on Friday and is now holding on to thin horizontal support. I think 2900 area is inevitable.

I also think there has not yet been enough pain and enough volume.

I have looked at the long-term charts of the tech generals today and have support targets for them if they do not hold right here. Some of the drops are substantial, and, where the generals go the others will follow. (If things get bad tomorrow perhaps it would be worth posting it to the thread.)

Wishing you the best of luck tomorrow.
--Allan
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