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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less..... -- Ignore unavailable to you. Want to Upgrade?

To: TATRADER who wrote (20130)	1/18/2001 12:38:30 AM
From: couldawoulda	Respond to of 59879

Mark - CNQ (tse) reached an RSI (7 day) top today and then sold off. Entered SU & IMO (tse) prematurely today - will hold through earnings (tomorrow) and will likely sell them shortly thereafter as a bottom is still being sought on the oil sector - SU's and IMO's charts are questionable. Likely a loss will be posted on these two plays. OPEC announced cuts in production today and the spin artists were busy portraying the cuts as not enough to produce any kind glut in the market place - production cuts viewed as inflationary which goes contrary to overall market wealth (particularly high tech.) and Fed stance on interest rates. FED was busy over the weekend begging OPEC to retrain the current production schedule, but they scoffed at them. Pay back today on behalf of the FED I suppose as oil dropped 3% on the spin stories. Oil will again have its day some time soon. Waiting for your target on NEM to hit it a bit. BCE is soon coming into a buying range... another day of meager sell-off should do it. PD was a one day play - now done temporarily. MFC & SLC indicating some red to come soon - both were good for a buck or so at the time of the "recommendation", but I still like them as hedges against a tech. deterioration. AEM looking interesting. Forever keeping an eye on what once was the thread's favorite trader - MRL.... back at 8 or 9 it was. CYBR - short term short candidate Nice to see this thread picking up a little... Valarie