Position Trading in Canada Message Board

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Gold/Mining/Energy : Position Trading in Canada

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To: Bruce Morgan who wrote (1116)	5/20/1999 11:26:00 PM
From: keith massey	Read Replies (3) of 2259

Just rub Chiefs nose in RKR - ROCK RESOURCES on the VSE when he bugs you about the pennies on the VSE. I know he is a closet trader of that stock <ggg> We all get weak once in a while. CLT broke through the bottom of it's channel today and closed below the 50 day moving for the first time since Jan 6. It also closed outside the 20 day BB for the first time since Nov. with the BB heading down. All MACD's negative and everything else in oversold territory. I was watching it very close today...if it bounces it should bounce great. However if it heads any lower tommorrow it might be a total breakdown. Those were some big support levels it broke today. The only positive sign in my mind was the low volume it dropped on...good chance those were technical stops being hit. I'm looking for a sign of a turn around on volume before my buy goes in. Just adding my two cents for fun. Best Regards KEITH

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