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 (4037)	1/26/2002 2:50:23 PM
From: Cush	Read Replies (2) of 5144

<font color=green>The Indexes - Weekend Edition Charts are updated on my web site, under Index Charts. www3.sympatico.ca A look at the TSE300 Daily will show that last week we had a positive bounce off the trend line that goes back to November-December. The future direction of the chart seems to hang in the balance between the MACD and Stochastic. The MACD momentum lines lost some of their downward momentum, last week. Stochastic is turning up from the oversold zone. That could be a positive sign. On the TSE300 Weekly, things don't appear nearly as positive. The falling ADX combined with the falling Stochastic would suggest that the market is primed for a fall. The indicators on the Nasdaq and Dow charts are giving signals similar to those on the TSE300 charts. The Dow Weekly chart seems to show that the two-plus year downtrend is continuing. Cush

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