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: Shack who wrote (783)	2/28/2001 7:31:09 PM
From: Cush	Read Replies (2) of 5144

Shack, if I could have, I would have added the trend line on that daily over three year chart. You can see that a trend line from the bottoms in this downtrend would go through 3042 and then 2251, and then somewhere just above 2000 - maybe 2050. There's bound to be some support at 2000 just because the market seems to like millennium numbers but I expect unless some positive stimulus appears *soon* we'll break down through that 2050, 2000 support then it'll be time to get the vomit bags out. That said, I think we've seen almost all the capitulation we're going to see in the viable companies. Amazon may be headed to zero. I won't be surprised. Cisco, Nortel, Intel, Pfizer, etc. These companies aren't going to zero. They may have to coin a new term for what we're observing here. Let's call it *buyer capitulation*. And I'm declaring, we've had it. Cush

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