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Gold/Mining/Energy : Position Trading in Canada -- Ignore unavailable to you. Want to Upgrade?

To: Bill Rinker who wrote (1258)	6/14/1999 2:02:00 AM
From: Ward Nicholson	Read Replies (1) \| Respond to of 2259

DHC.A: Looks like a hammer on friday.??(still learning TA) Hopefully that was the bottom. I picked up a few at 20.35 Friday showed a bit of a hammer, but not a powerful one in my opinion. I bought a few based on the assumption that DHC.A should find significant support in the $19.00 to $20.00 zone. I'll be buying more under $20.00. The long term chart shows a nice ascending triangle indicating that selling on down cycles is becoming weaker with each cycle. A sustained move below $19.00 would have me a bit worried; if the stock is cheap at these levels it should be bought up quickly. A move below $18.00 would have me nervous. Hence, my personal stop is just under $18.00. Just to add some fundamental spice...I think the recent announcement of Japan's quarterly economic surge should light a good fire under Canadian resource equities. I do like the base metals and minerals, and the forest & paper sectors right now. WN