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Gold/Mining/Energy : Corner Bay Silver (BAY.T)

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To: Claude Cormier who wrote (3087)1/20/2002 7:17:31 PM
From: Zardoz  Read Replies (4) of 4409
 
Risky? Ok. I understand risk...

the Technicals still point to a lower BAY price.
bigcharts.marketwatch.com

My comment:
The recent trading pattern in BAY is not a baseline bottoming, but likely is a inflection point between the battle for longs and shorts. 3073 which refers to a midway point being reached. Thus a low of $1.90-$2.10 is possible.

This inflection point will likely break down on Tuesday... To break the trend you need a rise/close to $2.70 on monday. The PAR is still in deterioration trend. Mom, is negative, money flow -ve. It's the change in money flow that creates the inflection point. BUT just to make this thread happy, I covered 2500 shares.{not by choice} Still short a LOT.

Becareful Monday boys..
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