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Gold/Mining/Energy : Winspear Resources

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To: Buckey who wrote (6307)	6/25/1998 11:03:00 AM
From: Mikey	Read Replies (1) of 26850

It might not necessarily be news...if I wasn't already in, a good entry point would have been a breakout above 1.40. So I imagine a lot of the buying is techies getting in on the breakout to move highs (ie. pros and brokerages). Selling after that was probably profit-taking by non-technical traders who thought it would be a good time to get (ie. normal guys). All in theory of course. As far as next resistance, I've got a million support/resistance lines between here and last year's high, but those were all on the downside so I don't know which ones still hold. My guess would be 1.60-1.73, and then 2.35. Psychological resistance at 2.00. M.

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