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 started this subject	3/6/2001 10:14:27 PM
From: Cush	Read Replies (3) of 5144

<font color=green>The Nasdaq www3.sympatico.ca Using some of Shack's magic to add some trendlines and a few buy/sell highlights. On this chart, you'll see I've added a couple of trendlines. Running off the highs of this past six months, and off the last lower high, the trendlines intersect nicely at about 2610. This looks like a key number to me. If we're ever going to break out of this downtrend, we've got to break up through 2610 first. That's a ways to go. Note I marked with red circles the sell signals at the beginning of February. I marked with blue circles the *possible* buy signals we are seeing now. We need more confirmation of that MACD before it'll be a buy signal. I'll be pleasantly surprised if we get that confirmation. MACD momentum lines have to cross and begin an uptrend. MACD histogram will then go positive. More tomorrow. Cush

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