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


To: Andrew who wrote (1054)5/7/1999 12:27:00 AM
From: keith massey  Read Replies (1) | Respond to of 2259
 
Andrew...

I never fails to amaze me how long support and resistance period lasts. When I first started I figured there was no way that the movements of a stock 3-5 years ago could have any significant effect on the share price today from a technical side. I have been proven wrong on that point again and again. In my opinion never underestimate a strong resistance level even if it was a year or two ago. I don't think it was just a fluke that SUF decided to base right at this price. Investors have very long memories. Of course this doesn't mean it won't break through this level but the odds say that it should bounce at this point.

Best Regards
KEITH