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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 subject3/10/2001 3:02:09 PM
From: Cush  Read Replies (1) of 5144
 
<font color=green>JDS Uniphase JDU on TSE

www3.sympatico.ca

I do not have a position here.

Nice clear buy signal, early January.
MACD histogram went positive as the MACD momentum lines crossed and began an uptrend.
Stochastic supported his buy signal, a few days later.

Nice clear sell signal, late January.
Stochastic crossed in the overbought zone and broke down through the 80 line.
MACD supported this sell signal, a few days later.

Now, the stock bears watching, IMO.
MACD histogram appears to be poised to go positive.
Stochastic appears poised to support the potential MACD buy signal.

I don't read this as a buy signal, yet
but I think it's close.

As I've said before, IMO, it's dangerous to anticipate buy signals.

Cush
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