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Gold/Mining/Energy : Position Trading in Canada
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To: keith massey who wrote (749)2/15/1999 7:37:00 PM
From: Kevin Hamlin  Read Replies (1) of 2259
 
Interesting ideas Keith. So lets say that there are some shorts out there...even better, lets say that it's some of either 2 or 11. All those shorts would need to cover at some point, and as soon as that "bottom end" is reached and they think it too...well....more fuel for the fire on the bounce back up.

1) 2 and 11 stop selling
2) Bottom fishers move in
3) Others move in on confirmed signs of the bottom
4) Shorts cover
5) #'s 1-4 combined....Strong bounce up
6) Coincide this with a good day or couple of days in the techs, and it may be more pronounced.

Now...where is that bottom anyway. :)))

Kevin
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