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Gold/Mining/Energy : Day trading in Canada

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To: Wizzer who wrote (1292)	11/17/1998 9:32:00 PM
From: keith massey	Read Replies (3) of 4467

O.K - What is up with this thread. One of the biggest story in the past couple months to play off of today and everyone is talking about PHV. There was still a lot of doubt out there if the feds would cut rates today. It was almost next to a sure thing that the second the feds cut rates that bank stocks and other interest sensitive stocks would rally. If they didn't cut rates all hell would break loose. I was sitting on cash today with my finger on the trigger waiting for the news. The second the news came out (live on NBC) I was in the banks stocks and out 20 minutes later with a very nice profit. Take a look at the chart and try and figure out when the rate cut was announced. tscn.com On another note - I got my Metastock 6.5 Technical Analysis program today so expect some techy comments on stocks that nobody (including myself) is going to understand. My Engineering side couldn't resist the number crunching game. Best Regards KEITH

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