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

To: Andrew who wrote (597)	1/24/1999 10:41:00 PM
From: Andrew	Read Replies (1) \| Respond to of 2259

BCE,BBD.D and Banks: These have been following nice uptrends except for BNS BCE and BBD.B have been trading in well defined channels. Bombardier just bounced off its lower trend line Friday, I think the news helped. BCE looks like its coming down to test its lower trend line. You know what they say as BCE goes so does the TSE. If it gets support it should get a nice bounce. If not?? RY has broken below its trendline. This has been the weakest looking of the banks other than BNS. TD has been real strong but looks ready for a pull back. CM is right on the bottom of its trendline. In short the market looks weak right now IMO. If these trend lines continue to get broken we could be in for a corection. DOW looking weak too. I'd like to hear other peoples opinions as I do most of my trading long and short on these stocks I've mentioned because they are more predictable. I've been trading in and out of short positions in the Banks recently and I'm waiting for an indication to go long but I'm in between as far as the indicators I use. Opinions? Andy