1/5/5 - I sold this today because the stock had clearly violated its uptrend. I've learned it's hard to trade Canadian exchange stocks because I couldn't get intraday real time quotes, and the danger of leaving open a limit buy order on a stock that could resolve either way -- a stop limit buy on a breakout would have been better. I also re-learned the need for patience -- why buy an ascending triangle that hasn't yet resolved. Finally, I studied up on money flow index and chaiken money flow, both of which showed the big money was not supporting the stock during its consolidation.

I'd say it's a sell now because there's no support until about 23, or about 15% down.


1/4/05 -- Well, my limit order on AGA filled but only after AGA dropped below its trendline and the market overall has started to cool off. The chart looks good except for that bad part... The good parts are the accumulation shown in the high volume up days from September to Dec, the declining volume during the current consolidation, the fact that the uptrend is only four months old, without too many bases formed, the fact that the resistance is so nicely defined, the increasing moneyflow and accumulation/distribution, the tight BB's, and the fact that the stock is undiscovered and the fundamentals are supposedly good (the PE is 4.33 while the earnings are growing).

So I will watch over the next couple days and sell if it doesn't quickly rebound. It's just a small position...