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Gold/Mining/Energy : Donner Minerals (DML.V) -- Ignore unavailable to you. Want to Upgrade?


To: Ed Pakstas who wrote (1103)11/18/1997 2:10:00 AM
From: Don craig  Respond to of 11676
 
Ed:

I thought I noticed some time ago, that you indicated you use some TA
when evaluating stocks. When investing in Commodities (using TA strategy),
they constantly refer to the 50% retracement rule. Do you or any other
TA folks, know if this rule can be applied to stocks as well? If we can
assume that we have now reached the bottom, the 50% retracement would
take us to appox. $2.85. Of course this is assuming that $1.50 is the
present bottom. This is also assuming we do not receive any significant
news during this time period. Can anyone comment on this? I am not much
of TA person myself, and would appreciate any TA investors opinions, theories
predictions, etc. on this matter. How do the charts look?

Good Luck
Don