Daytrading Canadian stocks in Realtime Message Board

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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime

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To: Davy Crockett who wrote (45465)	11/24/2000 8:08:19 AM
From: the Chief	Read Replies (1) of 62347

Is it safe to say, that a positional trade (or even a longer term trade), is no different from a daytrade + or - three days except for the compression of time? Precisely, even the charting techniques that apply to TA can be directly related to daytrading. Stan Weinsteins books are a great example of that. Take all you see in his book over an LT chart, and apply it to a minute chart. 3 day 50% retracements are not unusual, but instead of basing it on the value of the stock, base the retracement on the correction value. That is to say, if a stock falls from $6.00 to $4.00, then $1.00 is more than possible on a retracement...but not all the time...if that was the case, you could just buy "everything" and wait to make big moola! I still say 2750 Nasdaq is the bottom! the Chief

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