Daytrading Canadian stocks in Realtime Message Board

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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime

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To: AriKirA who wrote (9059)	4/26/1999 12:09:00 PM
From: keith massey	Read Replies (3) of 62348

Hey Ari Just my take...and you know how often I am wrong I am looking at the 5 day chart and see lower lows and lower peaks. GLE gapped down today. Stocks always try and fill the gap and the gap is always a very strong resistance point. If this gap is not filled in the first 1/2-1 hour of trading than I start to worry that something unseen is keeping the stock down. This latest rally was on falling volume and there is a big resistance point at $9.40. The rally looks like a wedge/pennant seen during a drop. In my opinion I don't think this stock is going over $9.50 today unless the big boys move it in the last hour of trading and I wouldn't be surprised if GLE dropped back to the $9-8.50 again. I am not playing GLE right now but thought I would take a close look. Best Regards KEITH

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