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Gold/Mining/Energy : Corner Bay Silver (BAY.T) -- Ignore unavailable to you. Want to Upgrade?

To: marynell who wrote (1998)	11/12/2001 1:17:25 PM
From: Claude Cormier	Respond to of 4409

marynell, A tough question. The stock appears to be in a bull market of its own. The trends are up for the stock and both its long term and short term moving averages. stockcharts.com However, we are still trading in the 12-month long consolidation channel of $1.25-$1.95. Until we move above $1.95, we could still retest the low band. In fact, I'd say that the longer we stay below $1.95 the more likely we will go down again. The current level, where the moving averages (50 and 200 days) are currently crossing, is an important resitance level that should contain any correction. A lot will also depends on silver which technically is bottoming. I can see a big move coming in silver. My favorite scenario is for more consolidation in the $1.70-$1.90 range (perhaps a week or so).. then a break out.