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Gold/Mining/Energy : T.ITE: iTech Capital (TSE) -- Ignore unavailable to you. Want to Upgrade?

To: keith massey who wrote (896)	9/14/1999 4:22:00 PM
From: Claude Cormier	Read Replies (1) \| Respond to of 5053

Keith, Good analysis. The question is which way will it breaks. Given the absence of news and the possibility of this research for a solid operating company extending in the future, I think we may go to the 62% Fib retactement level. The market is deteriorating and will likely face a correction in October..followed by a major recovery next year. The best timing for JDX to complete an acquisition seems to be at the depth of the next correction where the market mood will be more depressed and prices lower. In the same manner, it could well be tha Medsite.com IPO take place only in the next rally which could be in December or early Y2K. It is only a guess... and time will tell. I will be adding on either a break of the 50EMA or a move to the 62% Fib level. P.S. Theresa really put together a great site.