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Gold/Mining/Energy : Swing Trading Toronto Stock Exchange Listed Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Canuck Dave who wrote (1486)	10/6/2001 5:49:10 PM
From: Vitalsigns	Read Replies (1) \| Respond to of 2773

Thanks For the article Canuck Dave, Good read i have really enjoyed the recent change back to Swing trading. I cut my teeth on Swing trading before Daytrading was even a household name. If it is here for the next 16 years, then I will be extremely happy because I am in my element. . As for what you said about staying away from techs , I think you can play them for a while yet as long as the dollar swings stay wide ranging(but the selection of those stocks is decreasing fast once they drop below $15). Also right now Oil and Service stocks are increasing in volatilty and biotechs are also waking up which means nice profits for the Swing trade. The Golds are harder to guage for swing trading, the trend is still up from here but the moves are not as predictable as the other sectors , yet. I have Gold in my long term accounts (i cannot see any other sector that will beat Gold year over year in 2001). Last week 76% of the LONG trades on this thread were profitable in an up trending market , thats a very good ratio to have behind a trade. We may have witnessed a double top formation on the 30 min charts of Dow and Nasdaq at fridays close which will give us a retrace for the next week to 10 days. Where that leads , who knows, could be 52 week lows on the indexes or a successful retest of previous lows , either way , Shorts should rule the roost as long as last weeks high is not broken to the upside. I will use that as my fulcrum, if the indexes move up from here i go long, if it reverses or stays below that peak of last week than I stay short until a new pattern emerges for a reversal later after the decline. Thats all we can do in these markets, hard to predict longer than a few days .