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


To: Vitalsigns who wrote (37265)5/23/2000 11:02:00 AM
From: Shack  Respond to of 62348
 
Vital, looking at the NAZ 15 minute chart over the last few days, it could be that we are forming an inverse H&S if we can get up through the 3375-3385 area on some decent volume. Otherwise I agree with your bearish scenario.



To: Vitalsigns who wrote (37265)5/23/2000 11:09:00 AM
From: the Chief  Respond to of 62348
 
NAS I see 3381 as the "point" we get there with any legs and break out above it we are in a shortterm bull breakout, if we lanquish where we are we could be forming another "dreaded trading range"!!<ggg>



To: Vitalsigns who wrote (37265)5/23/2000 4:08:00 PM
From: Vitalsigns  Read Replies (3) | Respond to of 62348
 
Message 13757836

There is a large Broadening pattern otherwise known as a megaphone (Bearish) and a possible Head and shoulders
. Both patterns would bring the Naz down to yesterdays lows. For all you guys playing the canadian tech stocks be very
careful and be nimble, we're not out of the woods yet IMO.


The close on the Naz, DOw and TSE does not Bode well for tomorrow barring an overnight miracle or an unexpected announcement. I am not posting this stuff to brag but I really want to emphasize that the markets are Extremely risky at this point .

Know what youre buying and have an EXIT strategy before placing the trade. Stop losses may not work in this kind of market so you need to know ahead of time what you are prepared to lose before buying.

Vitalsigns