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Gold/Mining/Energy : Canadian blue chips

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To: re3 who wrote (19)	5/22/1999 1:29:00 AM
From: bill	of 36

EBC.A is moving as expected. If it breaks through 21.05, then next stop should be around 20.35. If it breaks through that, then look for support around 19.70. These are rough figures. The Stockwatch charts are not very precise. I would't mind picking some more up at 19.70. Unfortunately, I don't have enough experience to figure out the cycles of the long term chart. If the pattern were to be sustained, I'd expect a pull back until it hit a bottom of around 17.50. If it did, then I'd really load up. What looked like strength on the screen, when it's put on the chart, looks like a resistance point EBC.A couldn't break. More sellers than buyers coming into the market. Been fooling around with Fibonnici (sp?) retracement lines. Seem to work reasonably well. Long term, the fundamentals. Short term, the charts. Used to use hunches. Since I've moved to TA I'm making more money and losing less.

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