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

To: Rocket Red who wrote (45659)	11/28/2000 3:28:58 PM
From: seismic_guru	Respond to of 62347

in RIM 97.05.....out DMX 4.80 down comm. Flatlining, got it covered with a stop buy instead.

To: Rocket Red who wrote (45659)	11/28/2000 4:27:33 PM
From: the Chief	Read Replies (1) \| Respond to of 62347

2610 on the Nas is my shortterm bottom if Nas 2700 does not hold. The mommentum created today may very well carry over to tomorrow, if it blows 2700, then 2610 will be the next point. The market turned as soon as Gore said he would not step aside and let the "Florida" count stand, that was precisely the pivot point. These things are not calcuable in figuring out the market dynamics. The market keeps breaking "Support" levels based on the same problem reiterated every 20 minutes on MSNBC. The latest forecast for resolution of the presidency is Dec 09, that is about 40 years away in market time....so where is the bottom???? My premise of a 2750 bottom was based on a fairly quick resolution of the presidential problem, Gore categorically stated today that that is not going to happen. Therefore we are only left with old "Support" levels on the Nas to work with. CSCO selloff or any major Nas Comp contributor can plow a hole into the Nas numbers quickly. The interesting thing is that the stocks that have sold off early appear to be the most stable now, they sold off quickly, then had a rebound and rebottomed, so there are some very good deals to be had at this point...the question is will Gore screw up this market more....making them better deals??? I think so. Every action has an immediate reaction in this kind of market. Gore looks like he'll quit, Bio/pharmas take off,MSFT rises and Fuel cell stocks tank. Bush looks like a loser, and Bio's fall oil industry drops and a broad market rally stalls. Up till today people were willing to play one against the other....today people just got fed up. 2610 is likely, CSCO doing a $40.00 run will make the nas numbers real real ugly, but many have already done their run and will likely not move in unison. I hold somne TSE stocks and they are up since the drop back from 10,000....ya just have to be selective in this environment. STOPS are the ultimate protector, even if you would like to top up your LT acct. the Chief