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

To: brian krause who wrote (9923)	12/3/1998 2:37:00 AM
From: John Paquet	Read Replies (1) \| Respond to of 26850

Brain; I took a big picture of this WSP from 1996 to Dec. 2, 1998 ; I saw a very scary scenario as follows: If that is the case that market behaved as it did today with 1,496,000 shares changed hand and with that candle-stick theory " LONG DARK-BLACK SHADOW" WSP CLOSED AT ITS DAY LOW; I think it is very much so that market saw the big picture too. THat is it that our WSP touched that $3.11 two times; [ and $3.11 was the neckline of 1st Q of that 1997 a significant "SPIKE OUT DOWN TURN "PATTERN DROVE our wsp TO .43. iSN'T THIS A double top of that big picture [ namely first top is 1st Q of 1997 at $4.00 and 2nd top is todays top at $3.11] If these are all true then my analysis for our WSP will be as follows: WSP will drift downward firstly it will test that very first 50% RETRACEMENT LEVEL of current gains that is it: WSP rallied from .43 to $3.11 $3.11- $0.43 =$2.68 [total gains of this rally] 50% of this gain will be $2.68 X 50% = $1.34 so our WSP will gain first support at $3.11 - $1.34 = $$1.77 That is it right at $1.77 which is not very far from your setting at $2.10 You know this is penny stock speculation. I do not think that I am not fainted heart or quick wits, I would rather stay in course that is buy low sell hi the very basic principle or the formula in order to make money or else I will be in a great risk, won't I ???? Brain This is 100% of my own opinion and 100% based on market observation and chart analysis. Again; I hope I am wrong but who knows???? only market will tell you who is right or wrong. John Paquet

To: brian krause who wrote (9923)	12/3/1998 8:09:00 AM
From: Mr. Oil	Read Replies (2) \| Respond to of 26850

Brian I must concur with you. Trying to establish bottoms and tops from day trading patterns is like trying to drive a car by looking through a set of binoculars. You see the road but you will wreck the car in the short term. The best way to talk about a bottom is to look back a few weeks. The top is not known until we see a relative bottom developing. Some times 'some' chart readers take on a fortune telling roll. It must be understood that the market doesn't follow the charts. It makes the charts! And sometimes it makes a chart that we didn't think it would make from reading the charts. They are "indicators" not road maps. Ray