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Gold/Mining/Energy : Position Trading in Canada

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To: Ward Nicholson who wrote (594)	1/24/1999 8:38:00 PM
From: Andrew	Read Replies (1) of 2259

Ward. Regarding Inco I've been doing a bit of work with trendlines lately and will add this. A trendline can be drawn touching the intraday lows of: Sept 10 14.40 Oct 6 14.60 Dec 15 15.45 Dec 24 15.50 Dec 29 15.70 If the line is extended it looks like the price action is coming back down to touch the line in the low $16 range. I do use Stochastic indicators heavily combined with several other indicators. Stochastic is indaticating oversold condition but no crossover yet to indicate a buy. Look for a retest of the trend line. This might be a buy point I will post a little later my opinion of bank stocks and BCE gotta go out for a bit. Cheers, Andy

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