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Gold/Mining/Energy : Canadian-under $3.00 Stock-Picking Challenge

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To: teevee who wrote (2305)5/5/2001 7:48:06 AM
From: Al Collard  Read Replies (2) of 11802
 
Hi teeveee,

Your in with TSX-t @$2.30 for 4,347 shares.

Chart for 360networks, Inc.(TSX-t):

stockcharts.com[l,a]djclnimy[pc20!b50!b100!b200][vc60][iLl14!Lh14,3!La12,26,9]

Looking at the chart for TSX we can see the stock has been in a downtrend with above average volume. Currently trading well under all it's major MA's it appears the stock needs to put in a good double bottom to have any chance of righting itself in the short term. The one indicator on the chart of interest is the ADX. A reading of 55.8 should indicate a reversal is imminent, we shall see.

Good luck with this pick,
Al
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