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Gold/Mining/Energy : Winspear Resources

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To: John Paquet who wrote (10437)	12/13/1998 8:33:00 PM
From: Chad Barrett	Read Replies (1) of 26850

JP, I don't even know why I am bothering to respond to you, but I will this one time. Yes I am 24, and yes I am studying for exams right now.... and as far as my "chart reading" abilities go.... I only use the simplest methods of "chart reading". I don't prefess to be some kind of "expert" at it. I also don't claim that I "know" what the market is going to do. I simply state my opinions based on what I see. If you look at the chart for WSP over the last several months it has followed a very neat pattern. My "chart reading abilities" are simply that I noticed that pattern and I expect it to continue. By also watching the trading as it is happening in the market I can better identify when the momentum is swinging on the stock... You profess to be great at TA and that the chart for WSP is bearish, etc... ? I just don't see it... and I doubt anybody else who knows TA does either! Perhaps you should correct your statement by saying that the the chart is bearish "SHORT TERM"!? With my limited TA knowledge I know that the stock price hasn't fallen enough yet to indicate a break from the overall uptrend we are enjoying.... It may over the coming weeks, but it hasn't yet! ... your call for a retracement to $0.50 isn't justified by any form of TA or chart reading. To the best of my knowledge chart reading can only give a good picture of what might happen in the short term? Beyond the short term, too many other factors can come into play... .... don't bother responding to this John... unless you do it in a PRIVATE MESSAGE! I don't want to bother others on this thread with your "purely SI talks".... ... seasons greeting JP.... Chad

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