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Gold/Mining/Energy : Winspear Resources -- Ignore unavailable to you. Want to Upgrade?


To: Natedog who wrote (9919)12/2/1998 11:53:00 PM
From: John Paquet  Read Replies (1) | Respond to of 26850
 
Hey! Nathanc;

I would never ever dream that kind of dream --day dream and night dream for that closing price of $10. for tomorrow.

I was IMO to begin with this WSP until today market showed me different signal that is what I said what I saw. Profit takers moved in and then they are very much so in competing with among themselves and that " I want to get off the bus ahead of everybody theory" looks a bit scary> Yeah!!!!!!!

You also convinced me to take a good look of that 1996 rally; in comparIson with THIS 1998 rally.

I only could tell you more bad news from the chart as follows:

in 1996 WSP rally from nearly .60 to 1st Q of 1997 to near that $4.00
for last few days, then decisively, WSP went into a powerful spike pattern DOWN here she went from that $4.00 to .43 recently.

In comparson these two rally, the 1998 rally just touched that spike out neckline of 1st Q of 1997; as usUsal, once it touched that neckline, market become so aware of that 1997 1Q spike out down turn; maybe why it had happened today, when WSP touched that $3.11 then suddenly lost that upward momentum in other words, it ran out of bullish steam, and then she went SOUTH.

aGAIN; IF YOU DID NOT LURK ME TO FURTHER STUDY THE 1996 rally, I did not even pay any attention to it.

In any event, this is 100% purely my technical analysis, whether it is right or wrong only market could tell, and that why I always follow that basic market watching principle: ONE DAY AT A TIME AND WATCH THAT TICKER AND NEWS RELEASE OF CUZ.

gOOD LUCK TO YOU BUDDY!!!!!

John Paquet