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	5/2/2004 6:34:31 PM
From: Michael Watkins	Read Replies (2) of 5144

CAE appears to be setting up for a further leg down. Happened to note it in my review of some 500+ Canadian symbols this weekend. trendvue.com The setup is a "stealth" bear flag above a test of an important swing low. A break of Friday's low might be a useful trigger for a short, or at least a call to stand aside if one is long-only. Two potential targets are < ~ 5.00 (Sept 03 low) and under 4.00 if the bigger consolidation breaks down below that 5.00 level. If price could manage to push up > 5.90 or 6 in short order (i.e. 2-5 day) it might be safe to take it off of breakdown watch.

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