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

To: csm who wrote (47454)	2/5/2001 4:06:47 PM
From: csm	Read Replies (1) \| Respond to of 62348

How convenient - the moving averages cross at 4p.m. This usually produces a tradeable move. Since Nick asked, I am doing the opposite of what I expect most daytraders do. I don't like being out especially of NT these days when I think that it has a lot higher to go this year. So, I hold NT and I sell on rallies and buy back on dips. Using a method someone on this thread suggested, I watch the moving 60 minute averages (5ema x 8sma) for a signal. I don't follow them rigorously, I cheat by anticipating, using the 10 hour stochastics and MACD. I don't use stops and I get burnded here and there, BUT I have my NT in hand and every few days or so I generate extra cash. It's sort of like selling covered calls but without all the limitations and high options costs. Anyway, I bought NT back at $56 after selling the day before at $60. If I had been patient I'd have got it today, as posted at $53.50. Should I sit back on the bench now??? Stu.