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Strategies & Market Trends : Ahh Canada - 2 out of 3 ain't bad

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To: Cush who wrote (2634)5/29/2001 5:01:45 PM
From: Shaw  Read Replies (2) of 5144
 
Hi Cush,

Took a short position in RIM a couple o days ago based on other non-chart thoughts.

I am going thru the chart a bit tonite with a few settings I dont normally use. Doesnt look too great to me. Looks like it is breaking some resistance. Parabolic sell signal today, as well.

However, I am wondering your thoughts on the ADX (because I don't know how the 'ell to read it). Stochastic is to be watched with the ADX falling?? Correct or am I out to lunch as usual???

Any thoughts you may have will be appreciated as I would like to try and play this one correctly for a change :).

TIA

stockcharts.com[m,a]daclyymy[pb50!b200!h.02,.20][vc60][iUb14!Lp14,3,3!Ll14]
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