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

To: John S who wrote (958)	4/18/1999 6:31:00 PM
From: keith massey	Read Replies (2) \| Respond to of 2259

Hey John I find TA on pennies far more difficult than on the large blue chip stocks. With pennies any house with money can move a stock in any direction they want regardless of what the chart is telling you. Other than general large support and resistance points and some very basic chart patterns I find it next to impossible to predict pennies. From a classic TA approach I see a symetrical triangle with the corners at .50-1.60 and the apex at .95. I would look for confirmation of a breakout to one side or the other before I made a decision. The 5 day chart is showing general support at .90. A break through this level again by more than a few pennies would probably send the stock down .20-.30. to its old support level. Best Regards KEITH