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Gold/Mining/Energy : Corner Bay Silver (BAY.T)
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To: IngotWeTrust who wrote (2429)12/19/2001 11:55:42 PM
From: Claude Cormier  Read Replies (1) of 4409
 
On another subject. Technical Analysis

You say this rally in BAY was a pumped and dumped act. I say you are wrong and the move was previsible.

For many months, I've been suggesting that the $1.25-$1.95 consolidation channel was a very long period where strong players were accumulating the stocks for the long term and that one day, the price would break the $1.95 channel on strong volume causing the $1.95 level to become strong support rather than resistance.

Do you agree that the technical aspects of the stock price are very positive and that the latest move is actually a breakout?
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