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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 (3482)10/2/2001 1:13:59 PM
From: Cush  Read Replies (1) of 5144
 
<font color=green>Nortel

Peter, you cowboy, you!

I've been watching Nortel.
I've been resisting buying, so far.

When I think of Nortel, I imagine a big casino with a roulette wheel in the corner which has always been unlucky, for me. You would think that odds being odds, sooner or later, things would have to even out. So, I want to keep playing that particular wheel, thinking this sucker owes me. <ggg>

These charts aren't loading very well for me today.

On the Daily,
stockcharts.com[e,a]dallyimy[dc][pb20][vc60][iUd20!Ub14!Ll14!La12,26,9!Lp14,3,3!Lc20][J1435160,Y]

A price cross of the 20 day MA, but no confirmation, yet.

ADX falling (non-trending) watch the Stochastic.
Stochastic doesn't look good.

On the Weekly,
stockcharts.com[e,a]wallyimy[df][pb20!f][vc60][iUd20!Ub14!Ll14!La12,26,9!Lp14,3,3!Lc20]

That's a long, long way from a buy signal.

I do not have a position here, yet, but I'm watching.

Good luck with it,

Cush
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