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Gold/Mining/Energy : Westfort Energy Ltd. (WT-T) -- Ignore unavailable to you. Want to Upgrade?

To: rampage who wrote (636)	6/25/1998 1:32:00 AM
From: floj	Read Replies (1) \| Respond to of 1288

Hi rampage: 500,000 shares would confirm a bottom to the correction and also switch the trend back to a positive one. Then we still have the high volume zone at higher prices to deal with and WT will not trade in new territory until enough volume is generated to cut through that resistance. I believe short term we could see some resistance around 2.40 and also around 2.78. Longer term, if all goes well and we keep getting the confirmations we need the new target areas to watch for on the upside, for the month of July will probably be 4.20 and 6.00. Technically it has strengthened over the past week and I could be wrong but I'm pretty confident the trend will switch back to a positive one. Its the resistance at higher prices that concerns me, there's a hell of alot of people waiting to dump and if there's no significant development to turn them into holders, our recovery will struggle. We'll just have to see how this unfolds as I said earlier it should prove interesting. Flo J