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Strategies & Market Trends : Ahh Canada - 2 out of 3 ain't bad
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To: Cush who wrote (1683)3/29/2001 3:55:27 PM
From: Tom McIlwain  Read Replies (1) of 5144
 
Hi Cush:

I find that, if you are looking for signals on the Nasdaq chart these days, you have to be very careful to check the chart of the Nasdaq 100 as well. The two are not in synch right now and a signal on one is not always duplicated on the other. For example, the Nasdaq 100 easily took out it's 52 week low today while that low just barely held on the composite index.

I would wait for any breakout to be in place on BOTH charts before acting on it.

Tom
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