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	5/25/2001 3:39:50 PM
From: Cush	Read Replies (1) of 5144

<font color=green>Nasdaq Five Year www3.sympatico.ca This chart shows why, IMO, it's hard to know where we are going from here. You see the price sitting at 2282, with the 20 week Moving Average at 2226. Price is just abutting the five year trend line channel, I've drawn. So, above it's butting into the trendline, and below it's bumping into the 20 week MA. Time to go somewhere. If it goes up, we're back within what I see as a five-year uptrend. If we go down, we've bounced off, and the outlook is likely bleak. Looks like a non-trending period, with a rising Stochastic, so I'm reading that as a bias towards breaking up into that channel. I hope I'm right. Have a good weekend, everyone. Cush

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