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Gold/Mining/Energy : Day trading in Canada -- Ignore unavailable to you. Want to Upgrade?

To: trilobyte who wrote (901)	10/27/1998 3:25:00 PM
From: John Hunt	Read Replies (1) \| Respond to of 4467

<< how do you estimate by closing market if next day a opening will be higher or lower compare to day before .. ??? >> Hi Trilobyte, You can look at the relationship between the close and the high and low of the day, at what points the volume came in during the day, and the price and volume action of the last few minutes. You might like to look at this candlestick explanation for the first item. iqc.com Of course all this assumes there is no unforseen news overnight. < g > John

To: trilobyte who wrote (901)	10/27/1998 7:06:00 PM
From: Wizzer	Read Replies (2) \| Respond to of 4467

Trilobyte: There is also another factor if you wish to consider, and that is what direction the market in general is going in. CNBC will show an S&P futures index much before open. Usually, a 6-7 point change in the future translates into about 100 points on the DOW. These are overnight "fear/hope" indicators, and can help in the decision making process. Many times this will also affect the opening of the TSE as well, but sometimes it does not. This helps one determine whether the whole market is going down or not. Of course, certain stocks often "beat the market", however, it is something to be considered also. Best of luck. Regards, Wisam