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

To: Bill Rinker who wrote (14238)	5/24/1999 11:18:00 AM
From: Dave Duggan	Read Replies (1) \| Respond to of 62347

From a ta perspective you would not go long on a stock trending down unless you have a hidden desire to die penniless.

To: Bill Rinker who wrote (14238)	5/24/1999 6:40:00 PM
From: keith massey	Read Replies (2) \| Respond to of 62347

Bill... The opinion on CN.B is more of a gut feel on the candle formation and power of that gap than really hardcore TA. Often when you see a small floating candle (Shooting Star Formation) on low volume during an uptrend it means that the stock has lost upward momentum and is running out of buyers..this is especially true when the stock closes away from its high for the day. Of course you need confirmation of the bear which is found the next morning. If the stock gaps down and remains below the gap for 30min-1hr than it is very bearish (possible Evening Star Formation). If the stock gaps up but gets hit by a wave of selling and doesn't trade much above the gap price in the first 30min-1hr and starts pulling back closing the gap..GET OUT. On the other hand...if it gaps up and stays above the gap for at least an hours on good volume than the initial bearish signal is cancelled. I thought the gap would have some good power because a lot of people that bought in based on the takeover rumors will still be holding. They will be happy to get ride of their stock at even... Lots of mumbo-jumbo and just my opinion...any other takers? Best Regards KEITH