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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime

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To: the Chief who started this subject6/28/2001 7:50:06 AM
From: charlespat  Read Replies (1) of 62348
 
On predicting stocks.........
It can be done with very accurate results. The problem is of course market unpredictability. When the market is uncertain of itself it is much more difficult as is the case now. When the market is more regular with the volatile effects known such as news reports and interest rates etc. it is much easier. I have been able to predict the next days stats within better than .05 cents many times. The hardest is knowing the open. On open I often need to revise. Todays market is difficult and can easily swing in exactly the opposite direction of the predict. On Tuesday I bought NT at .07 cents above the low and sold on Wednesday at .12 cents below the high. I was at another job at the time. The sell was put in on the predict. Was this done by predict or by luck. I say by both and yes probably more on the luck side. ............. But you can bend your luck a little.
Charles
P.S. I have to work out today .. can't trade and no buys in... expect NT to go down. If I had a buy in it would be at $12.03
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