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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime

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To: Shaw who wrote (35384)4/17/2000 11:59:00 AM
From: AllansAlias  Read Replies (1) of 62348
 
Sorry Shaw, have not been watching the markets for the last 30 minutes or so. I glance now at the other monitor to see a possible H&S in progress. That new high is the noggin. If I had good enough executions, I would wait for a neckline rally (we do not even have the right shoulder yet) and short the index from there. Breakout to upside instead would be powerful bullish as the books all say. Break to new high instead of right shoulder and we pop hard too I guess.

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What I was doing for that half-hour was looking back at previous great falls. I went back to 84 on the NASDAQ and 1950 on the S&P. I do not see any great downfall that resolved like today. Of course, history does not exactly repeat, but I am simply not buying this rally longer-term.

Hope you're all doing well. --Allan
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