Position Trading in Canada Message Board

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Gold/Mining/Energy : Position Trading in Canada

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To: S.Y.R. who wrote (1013)	5/4/1999 2:08:00 AM
From: Ward Nicholson	Read Replies (2) of 2259

CN.B: Hey man. I've been watching CN.B myself. I agree...very solid support level. The RSI is also starting to diverge a bit. I think the downside is limited right here with good potential for $12, but this market is getting seriously overbought in the short-term. DOW 11000, 1000 in the last month alone(!). When (not if) the DOW corrects back down to 10000 I wonder if this support level for CN.B will hold. I guess I mean to say that I'd keep my trigger finger ready if I put out a long position. Check out MBT for sort of a similar situation. $17 is a major support level. RSI is showing a significant divergence here. Also, check out LTV. Another RSI divergence. WN

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