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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime -- Ignore unavailable to you. Want to Upgrade?


To: Buckey who wrote (25076)11/25/1999 8:45:00 AM
From: The Devil Dog  Read Replies (2) | Respond to of 62348
 
Morning Buckey John

Just had a look at TCL, impressive little bounce.

My only observation is that when you notice a price breakout on increasing volume,
that is not the time to short;o) Right now it avg's 3/4 million a day,
try and wait to see it going UP on less than the avg daily volume
and is one of the first indicators that the stock is loosing steam,
{Please any of you other far more skilled TA's feel free to jump in to correct me or add to the thought}
you also have to be careful that it is not just a consolidation phaze toying
with you the next level to rip money out of your pocket. With hindsight
it is easy for me to see the error, who is not to say that I wouldn't have made the same trade.

Addios Amigo !!!!!!! ;o)

WB