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 (818)	3/3/2001 7:57:00 PM
From: Shaw	Read Replies (3) of 5144

The MACD is what caught my eye (and the histogram). I figured if it was ever do for a little contraction, it would have been Friday (and I was watching for it..... I thought a close of around 3.15 would have made more sense). Obviously there is something out there. Some nice sized bids and bullish action right 'til 4PM. Hmmmmmm..... I've got that "when something is supposed to look crappy and it does the opposite, there has to be something up" saying running thru my mind. Charts on the little ones are tough, imo, but when they look like this they usual signal some institutional buying and there's a nice little ST bump. I dunno. What is your take on reading small cap charts (ie pennies/some thinner ones that can be manipulated on very small volume)? On a scale of 1 to 10, how valuable do you believe TA is???? Maybe Shack or a few of the other guys may want to give that an answer, as well.

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