Daytrading Canadian stocks in Realtime Message Board

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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime

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To: Calibash who wrote (12152)	5/10/1999 3:27:00 PM
From: keith massey	Read Replies (1) of 62348

NCT... Just a comment on the market and TA. A lot of people place buy stops just above or below key support and resistance levels. With NCT this resistance was $26.80...as soon as this was broken you can see a big volume spike and .40 jump. This is the result of all of these buy stops going into market orders and day traders that are quick on the draw seeing that the resistance had been broken....just thought I would point this out for some of the new people out there. Take a look at the day chart and it will stand out at you. Now it is back at this resistance so the next couple of minutes are very important. Edit: I pulled the bid at $27.05...it wasn't filled Best Regards KEITH

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