Ahh Canada - 2 out of 3 ain't bad Message Board

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Strategies & Market Trends : Ahh Canada - 2 out of 3 ain't bad

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To: Shaw who wrote (1991)	4/11/2001 10:03:34 AM
From: Shack	of 5144

We would not pull that far back. It looks like we are still only in the middle of this melt-up and that the next little pullback will not be that severe, and it will be followed quickly by a last push up which may or may not make new highs. This could all happen today. After that I'm less sure. This looks more like the early stages of a somewhat lengthy corrective wave which will retrace a % of the down from Feb 1. It could eventually test the September dt line but its early yet. I have no idea what form this will take and could just be some sideways nonsense for a couple of weeks. During this larger corrective wave, I would expect to come back to COMP 1750 to close that gap. You know, I would feel better about this rally being sustainable if the bulls wouldn't push it up 5 to 9% a day! Hope that helps Shaw.

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