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Gold/Mining/Energy : Canadian Position Trading-looking for technical breakouts. -- Ignore unavailable to you. Want to Upgrade?


To: grayhairs who wrote (54)6/21/2000 5:08:00 PM
From: Shack  Read Replies (1) | Respond to of 128
 
Hey gh, MGY-still a pretty good day. new 52 week high. Love the looks of it. There's every indication that we are going higher. Here's an interesting chart.

stockcharts.com[DC][PB50!B200!D20,2][VC60][IUC20!LA12,26,9!LD20]

Of particular note is the Chaikin Cash flow which is very bullish showing much accumulation. I combine this with other indicators especially volume to give me a sense of where we are going and MGY looks to be going nowhere but up. I'm not in yet but will be trying to get in tomorrow.

Good luck
Shack



To: grayhairs who wrote (54)6/21/2000 6:04:00 PM
From: kingfisher  Respond to of 128
 
Great Call Mr.Ralph Grayhairs Acompora!
Looks like your the new TA guru.

Perhaps the market is starting to realize the significance of 300 bcf of gas at Copton for Magin

Take Care,
Richard