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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 subject3/26/2001 11:39:54 AM
From: Cush  Read Replies (2) of 5144
 
<font color=green>Nasdaq Intraday

www3.sympatico.ca

Put a couple of downtrend channels on this chart.

May be worth noting that in the channel indicated by the blue and red trend lines,
the Nasdaq is bumping into the upper blue trend line.

Seems like this could be significant.

Seems likely we'll either see it bounce off, and head lower again,

or break through. IMO, that would be bullish.

Edit: May be worth noting that this chart had the Nasdaq up 23.52 points.
So let's say a close at about 25 points up would be at about the line,
a close above 25 would look bullish,
below 25 up would appear bearish.
As I see it.

Cush
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