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


To: George Hassen who wrote (45676)11/28/2000 4:53:13 PM
From: seismic_guru  Read Replies (4) | Respond to of 62347
 
The markets may come back, but it will take time for people to forget this carnage. Reminds me of the junior mining bust after the Bre-X fiasco. That sector has yet to recover as people to remember getting burnt on all those high flying ditch diggers.

I think there is more to this than just US election uncertainty. We probally have a short blowoff rally once someone wins, but then probally another correction. Looks like higher oil and gas prices are here to stay, with their resulting effects. I gotta hand it to da bears, everyone seems to be expecting one killer down day to signal the end of the decline. Yet the bears just keeping on slowly grinding us down to lower lows on the NAS. Elders boiling a frog analogy comes to mind doesn't it.

In the meantime, all this uncertainty is good for trading. I am trying to rediscover the disipline that last Feb/March made me neglect. Picking trades more selectively, tight stops and moving them in the direction of the trade. Most importantly, quicker taking smaller profits. Seems to be working so far.

Ragards....SG