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


To: Ward Nicholson who wrote (1040)5/6/1999 12:01:00 AM
From: Andrew  Read Replies (1) | Respond to of 2259
 
Hi Ward. Actually it looks to me like all the banks appear to be nearing the bottom of their recent trading ranges. As far as NA I'm not sure if I would enter tomorrow, although if it gets some strenght it might get support in this range and get back over that 13 week MA and then a buck or so is likely.

I kind of like BNS a little better for the next few days. Closed at 33.90 today. Got support from 13 week MA and stochastic crossover today. This should bounce to low 35's at very least and maybe 36 in the next 2-3 days. I will likely pick some up tomorrow.

RY looks nice for a bounce too.

I like to use 13 and 40 week MA for large cap stocks. Seems to give good support and resistance. What do you think?

Andy