AI
Thursday, February 02, 2006 7:44:59 AM
NT.TO/VAS.TO Onthego
Hello Onthego, my trades are very sector driven, and right now the two sectors Nortel and Vasogen are in aren't performing well, so the breakouts are less believable. Not to say that thery aren't breaking out. I do like Nortel for the long haul. Nortel does have a good support level around the 3.30 area. Having trouble holding 4.00 though. I suspect oneday it will hold. I do like the close near the high of the day should bode well for today's trading. As for Vasogen I like to wait until resistance at 3.50 is broken. Just my 2 cents. I like to buy at elevated prices and hopefully sell higher.
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Hello Onthego, my trades are very sector driven, and right now the two sectors Nortel and Vasogen are in aren't performing well, so the breakouts are less believable. Not to say that thery aren't breaking out. I do like Nortel for the long haul. Nortel does have a good support level around the 3.30 area. Having trouble holding 4.00 though. I suspect oneday it will hold. I do like the close near the high of the day should bode well for today's trading. As for Vasogen I like to wait until resistance at 3.50 is broken. Just my 2 cents. I like to buy at elevated prices and hopefully sell higher.
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