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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime -- Ignore unavailable to you. Want to Upgrade?

To: Mr. Oil who wrote (14028)	5/21/1999 9:50:00 AM
From: stuffbug	Respond to of 62347

I know virtually nothing about this company (MCF). I just put up a stock chart and did a little analysis. The short term MACD (3 day / 10 day) is still dropping but is now below zero and the rate of deceleration is decreasing (i.e. the MACD is flattening). We have had eight consecutive black candlesticks. The Japanese have an eight to ten day rule, meaning that if you see eight to ten all black (down days) or all white (up days) candlesticks, you should be on the lookout for a possible trend change. Finally, a 2/3 retracement of the rally to 12 would put us somewhere in the 5 range. I'm not looking for $5.00. I just think that if $6.50 fails to hold, we could soon see a stock with a 5 handle.