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Strategies & Market Trends : Ahh Canada - 2 out of 3 ain't bad
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To: Davy Crockett who wrote (2620)5/27/2001 4:20:21 PM
From: Shack  Read Replies (1) of 5144
 
Thanks Pete, glad you enjoy the thread.

I hate non-trending markets

The big dilemma is how do you know that you're in a non-trending market until after the fact? That's where I get a lot of help form Elliot wave as you can usually tell where you are. It still has us in a non-trending market in the short to intermediate time frame. It looks like we are heading back to the low end of our range over the next few days.

Still, like you I blew a few trades within this 'Jell-O' as Allan puts it. It still looks like we will break this range to the upside at some point as the bear rally pattern is incomplete.

However, I am a firm believer that the COMP will at the very least, revisit its lows later this year.
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