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: Cush who wrote (82)	10/29/2000 5:51:28 PM
From: Shack	Read Replies (1) of 5144

Hi Cush, I'll give y'all a hand in gettin this going again. Regarding OBV, I use Chaikin Money Flow instead now. I find it a more useful indicator and more sensitive to true accumulation. Sharpcharts have a good explanation of it. In a nutshell, if the indicator is positive and over 10, there is accumulation. As for ECG, it is turning bullish but it is still below the 200 day MA (actually its right at it). It is nearing the top of its recent range as well. Its up a buck in the past two days and too close to the aforementioned resistance levels for me. It really does depends on your time frame. In the very near term it actually loooks overbought but if you can get it in the $7.50 area, that would be a 50% retracement of the recent $1 run and would satisfy my risk tolerance. My time frame has really shrunk in these choppy markets and I use a 4 period slow Stoch setting now. My favourite mid-term chart is SYB.to. It probably satisfies all your criteria. I am hoping to get it a little cheaper.(around $3.50).

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