Daytrading Canadian stocks in Realtime Message Board

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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime

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To: Andrew who wrote (48657)	3/26/2001 12:16:37 PM
From: the Chief	Read Replies (3) of 62348

To Bottom or not to bottom...that is the question. Years ago bottoms were easy to pick in any one day the nas would "rocket up maybe 50 points" at best..the News makers made statments like Nas goes balllistic...up 50 points on the day. Nowadays a 250 point excursion is "ho-hum". So when is a bottom a bottom on Nas....well I think a bottom is 1750-1950 We will continue to swing in this trading range until we have based long enough and earnings turn around. But I think the V everyone is waiting for may be to late to recognize the bottom. There will be no obvious bottom even after we move away from it IMHO....other than the lowest number. So far all my major Teckie buys I mentioned I had already bought are up about 20-30% off of their bottom..thats a reasonable indication that market sentiment has changed somewhat..but the lack of momo says "basing is what is needed". the Chief

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