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

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To: Cush who wrote (4207)3/2/2002 1:05:32 PM
From: Cush  Read Replies (7) of 5144
 
<font color=green>The Indexes - Weekend Edition

Chart signals are updated on my web site, under Index Charts.

www3.sympatico.ca

I'll try to drop back later with some comments.

Lot of Buy Signals have appeared.
Only one Sell Signal left, the Nasdaq Weekly.

It's going to take some thinking to decide what that means.

I remain extremely skeptical of the fundamentals behind this rally, but I don't trade on fundamentals.

I found the last week's rally unpredictable, especially the abrupt turn in the falling Stochastic, on charts like this Dow Weekly chart.
stockcharts.com[e,a]wallyimy[df][pb20][vc60][iud20!ub14!ll14!la12,26,9!lp14,3,3!lc20][J1399024,Y]&listNum=10

That's very hard to trade.

Now the question is - has a new, reliable trend started?

I'd be happy to hear ideas based on the Technical indicators in these charts.

Cush
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