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Strategies & Market Trends : Alamos Gold

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To: Al Collard who wrote (4243)1/11/2003 5:51:02 AM
From: Al Collard  Read Replies (1) of 4470
 
Next week I will go long with IFM-t @$ 8.13 for 2,460 shares.

Chart for BCE Emergis, Inc:

stockcharts.com[w,a]dacaniay[dc][pc20!b50!f][vc60][iLa12,26,9!Ll14]&pref=G

From the chart of IFM we can see the stock broke atop it's major MA's on Friday as the bulls ran rampant all day, closing the stock at the high of the day. The long term bearish trend has been halted and a reaction rally has started. The MACD and the ADX are flashing buy signals. Although the stock is flashing strong buy signals a stop loss just under the 20EMA may be prudent just in case the reversal is a trap. (Strong buy)

Regards,
Al
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