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 (1986)	4/10/2001 4:21:00 PM
From: Shack	Read Replies (1) of 5144

I think you and Pete have done well here no? I haven't been able to keep up with this thread..too many posts!<g> There seems to be a lot of room to move on the dailies if this Feb 1 downtrend line is taken out but I doubt it will fall on the first test with everything in overbought territory on the hourly charts. Man you bulls haven't forgotten how to rally a market! Glad to see that your portfolio is recovering nicely. I have two scenarios for the Nasdaq. (1) This rally is correcting the decline from the March 27 high and is done or will be done very early tomorrow. If that's the case, we slide long and hard from here into the abyss. (2)-and my "preferred" option: We are correcting the larger down move from Jan 31 and we are going to the low 2000's after the next pullback. (3)-The least likely IMO: We are going to correct the entire downmove from Sept 1 and head for 2600. No matter which of these is the case, we need to pullback from this rally, I will be watching this retracement eagerly. Cheers Shack

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