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

To: AllansAlias who wrote (35196)	4/14/2000 3:23:00 PM
From: Andrew	Read Replies (2) \| Respond to of 62347

Im not the most experianced but IMO Monday will be way bad. And most of next week also, Im considering going short something over the weekend, Monday may not allow an uptick in the early going. Bye Bye 40 week MA

To: AllansAlias who wrote (35196)	4/14/2000 3:28:00 PM
From: the Chief	Respond to of 62347

Lot's of interesting charts close to their down resolution IMO so we can not be far from an intermediate technical bottom. Am still waiting for the emotional bottom. I do not think we have seen that since coming off the top. You more experienced traders: It has got to happen doesn't it? Nothing has to happen, butit will, its just when. This is why I donot like the DOW and TSE based on such a few stocks with heavy weighting . NT/BCE(and BCE spinoffs)account for more than 33% of the TSE at the moment. The DOW now has NASDAQ Composite stocks in their makeup. If INtl/MSFT and others drop like today, they affect the DOW as well as the NASDAQ. It becomes a self-fulffilling prophecy. The DOw is down because the Nas is down which is why the Dow is down...and so on and so on. In the end I don't care, thats why I daytrade, I am 85% cash everyday and pick up what I think is a nice LT buy when it happens, if the LT turns out to be a dud I bail on a stop and carry on. The system works and major drops like this can be alot of fun! the Chief

To: AllansAlias who wrote (35196)	4/14/2000 4:24:00 PM
From: Cal Gary	Read Replies (1) \| Respond to of 62347

Thanks. I was guessing short covering before the weekend may trigger a strong short term move up 1 hour prior to the close. NOT. Black monday maybe a possibility, but from Greenspan's talks the past few days and weeks I see a possibility of FEDs with a lighter grip on the money supply soon. Other parts of my thinking: Todays openning gap may become a target for traders at 3600-3670 before ascent to 2900. Lots of cash on the sidelines. Obviously it can sit for a while, but I bet itching to get back in soon. I normally don't go more than 3 min bars, but at 5 min bars I see what you are saying. Its basically an interday move you're calling. If your neck line was at 3400, head at 3520, then the target was 3280 (3265 low). So right on, Allan! During the bull phase, end of day, daytraders exit positions. Bugs me because I'm normally a position trader. Conversely, I've now switch my thinking that end of day, daytraders (on the short side) will be covering. This appears to have happened with 15 minutes to go today. Gap up on openning always a possibility. Keep the commentaries coming. Have a great weekend, everyone!