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

To: Vitalsigns who wrote (37314)	5/23/2000 4:16:00 PM
From: the Chief	Read Replies (1) \| Respond to of 62348

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. Agreed, only stay with the higher volume stocks and don't put your "limit tight on your stop, you could get "bounced over" really quite easily! Good call on your earlier post Vitals.....I might even have to relent here and say that 3164 close puts us in nowhere land for support on the Nas. Nas next level of support is 2900 as far as I can see. If we don't get there tomorrow it'll just be another long continual bleed. Gads I may even have to get a little er--argh-h-h-h ech-h-h-h-h-h bearish....just "ish" mind you not really a "bear...just an ish!!<gggg> the Chief

To: Vitalsigns who wrote (37314)	5/23/2000 4:25:00 PM
From: seismic_guru	Read Replies (1) \| Respond to of 62348

Yep, the Mrs. learned that the hard way today, as RIM gapped down on open below her stop (49.95) and then failed to rally back to her limit (49.25). She's been busy licking her wounds all day, as she got out at 47-47.50. Well so much for us Canucks being spared the ugliness of NAS yesterday huh? Still got my full alloment of DMX, got stopped out WED 15.40. SG :(

To: Vitalsigns who wrote (37314)	5/24/2000 8:12:00 AM
From: the Chief	Read Replies (1) \| Respond to of 62348

I went to the nasdaq site this AM, and also got some more data on the DOW from a number of sites. The issue is "volume". Lets assume for a minute that the anomaly called Feb/March/April that saw us vault to unreal heights was removed from these markets. If you use the logic that Feb/Mar/Apr was an unhealthy appreciation in stock value and that we were 'destined" to come back to earth. Which is a "bears" position, and that the "irrational exhuberance" has to be tamed, then I think we are there. For all you TA guys go away and look at the charts on volume. The Dow in August September October averaged 825,000,000 shares per day strangely enough "exactly" the volume today. The Nasdaq the same, the "volume" that was a consistent average prior to the runnup is now the case! So assuming the irrational exhuberant increase in volume was directly related to "daytraders" and people that normally would not be in the market. Then, the removal of "same" would result in a normal volume for all the exchanges. Conclusion....this may be the "volume we have been waiting for?" the Chief