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

To: Ward Nicholson who wrote (594)1/24/1999 8:38:00 PM
From: Andrew  Read Replies (1) | Respond to of 2259
 
Ward. Regarding Inco

I've been doing a bit of work with trendlines lately and will add this.

A trendline can be drawn touching the intraday lows of:

Sept 10 14.40
Oct 6 14.60
Dec 15 15.45
Dec 24 15.50
Dec 29 15.70

If the line is extended it looks like the price action is coming back down to touch the line in the low $16 range.

I do use Stochastic indicators heavily combined with several other indicators. Stochastic is indaticating oversold condition but no crossover yet to indicate a buy.

Look for a retest of the trend line. This might be a buy point

I will post a little later my opinion of bank stocks and BCE gotta go out for a bit.

Cheers, Andy



To: Ward Nicholson who wrote (594)1/24/1999 9:48:00 PM
From: keith massey  Read Replies (1) | Respond to of 2259
 
Hey Ward

I also enjoyed "Reminiscences of a Stock Operator". When I read the book I was saying to myself...I want to trade just like that guy. One little know fact is that Larry Livingston (the main character), killed himself in a New York washroom several years after the book was published. I guess one of his trades went really bad.

Best Regards
KEITH


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