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Gold/Mining/Energy : Canadian Position Trading-looking for technical breakouts.
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To: grayhairs who wrote (54)6/21/2000 5:08:00 PM
From: Shack  Read Replies (1) of 128
 
Hey gh, MGY-still a pretty good day. new 52 week high. Love the looks of it. There's every indication that we are going higher. Here's an interesting chart.

stockcharts.com[DC][PB50!B200!D20,2][VC60][IUC20!LA12,26,9!LD20]

Of particular note is the Chaikin Cash flow which is very bullish showing much accumulation. I combine this with other indicators especially volume to give me a sense of where we are going and MGY looks to be going nowhere but up. I'm not in yet but will be trying to get in tomorrow.

Good luck
Shack
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