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

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To: Cush who started this subject2/12/2001 9:37:19 AM
From: Cush  Read Replies (2) of 5144
 
ATI Technologies ATY on TSE

stockcharts.com[w,a]daclyimy[dc][pb10!b50!b200!h.02,.20][vc60][iUd20!Ub14!La12,26,9!Lp14,3,3!Lc20]

I do not have a position here.

This chart is representative of a couple of dozen charts I looked at on the weekend.

It seems to me, we've gone from charts with MACD buy signals and Stochastic sell signals,
to charts with MACD sell signals and Stochastic buy signals.

This is making it very hard to predict share price movement.

In this case,

MACD momentum lines have turned into a downtrend, just below the zero line. A bearish sign.

Stochastic is just crossing, down in the oversold zone. Likely a bullish sign.

Chaikin Money Flow is positive but with a weak, neutral pattern.

IMO, a lot of tech stocks are just going to follow the market.

Now if I could only be sure which way the market was going to go.
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