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Gold/Mining/Energy : CGI Group (GIB.A) - -- Ignore unavailable to you. Want to Upgrade?

To: claud_c who wrote (1006)	2/19/1999 9:12:00 AM
From: Greg R	Read Replies (1) \| Respond to of 1673

<<(INPATHIQUE analysis...not confirmed). So Greg, if you are out there, please advise.>> I'm always monitoring. GIB.a held strong longer than I anticipated, but I still see no hope except for GIB.a to drop. I had hoped the low would be Feb. rather than March as I am anxious to go long. The DOW is the danger. When it starts dropping during the first week of March it will take every high PE with it in particular (despite their promises of great profit sometime in the future) plus everything else in its wake to some degree. Until then, the DOW will drift sideways. A very brief sucker spike around March 2 will mark the end. Without getting into particulars, I will share my game plan. At this instant, I am short four stocks and long on three with a growing cash position. At the end of next week, I will close all remaining long positions (I've never been successful at avoiding the wake of a dropping market) and wait for the opportunities around the third week of March. One caution. I am basing my game plan largely on my DOW chart. Unfortunately, INPATHIQUE is not great on indexes as it requires the exact high/low for each trading day. With an index, you can't say what those are. It depends upon your sampling period. 1 minute, 5, 10? You get different approximations and this effects the projection accuracy of the chart. Those of you who look at the version of the GIB.a chart on INPATHIQUE's public projection page (http://members.home.net/inpath/project.htm) will note that the pattern has not changed. The only change has been the projected path for the stock's price within the pattern for the month of March. That's my view for what its worth. Here is hoping you all have a profitable day. Greg