To: The Devil Dog who wrote (27118 ) 12/14/1999 7:51:00 PM From: Cameron Read Replies (3) | Respond to of 62347
A Nano Report From Japan: The nanos are currently on a field trip to Japan, where they are studying with Candlestick masters. They've filed the following however, which they've asked me to pass on to the thread. I must admit that the nanos seem to have gotten side tracked from their analytical roots and are starting to sound more like stock analysts, but I promised them I'd pass their message along. - LOL ******************************************************************** As of Tuesday, December 14, we don't think there are any particularly reliable candlestick patterns that would signal a significant move up or down, which we guess would indicate a continuation of the present. Having said that, there was a wide ranging day 4 days ago and 3 days ago there was a small gap up. The market has subsequently tried to climb (decent upside shadows the last couple days) but keeps getting pulled back... those damn profit takers??? But we think the indication is that it may now proceed in its previous upward direction. Sort of a soft bullish indicator?? It appears the market is now sitting right on the short term trend line formed in December however. If it doesn't go up, then it will break the trend line which would seem fairly bearish in the short term at least. We are still holding with 7670 as the baseline for the present market top. If the market does make it that low, it will have broken through an 8 weeks trend line, which would indicate that a top had been completed... and confirming that we have in fact figured out where the cut off might occur. That level also represents potential support formed during the last minor down turn however, so the market might be able to bounce off of that level... forming a double top or H&S with the the 7670 being part of the shoulder formation??? So if the market does go down, it might go up or down from there. We were also looking at the software index chart.... oooooo..... scarey!!! It just looks like it is moving too fast... a bad sign... on the other hand if something is that strong it is likely to continue... pretty bullish!!! Still, if the market gaps down at all, it will have formed a pretty distinct island top.... very bearish. Well... we guess the conclusion to all of this is that if the market goes up from here, it'll go up and if it goes down from here, it'll go down!!! Other than that, our only other observations are that Japanese beer seems to lack the taste of Canadian beers, so this isn't recommended as a good weekend getaway for Wayne. They also seem to prefer eating raw fish here over almost everything else - which is hard to fathom!! We've recommended the Chief to a number of sushi chefs here so that they can learn the proper crow preparation techniques. Given that the majority of the population is budhist, there don't seem to be Swami's here anywhere, which is probably just as well given that ATI doesn't seem to trade on their exchange<gggg>. We have been looking everywhere for Roderick, given that he seems to have left Canada, but with little success. If somebody has a chance, please send us Vital's e-mail. We tried Vital@Godscountry.com but kept getting the message "No Such Address" which has led us to fear that the Pickering nuclear plant may have failed its Y2K testing and wiped out everything east of there. Lastly, please tell Lola to leave a message explaining a "Woody" for us. We have asked a number of people here about it but when we ask the men all they do is raise a chopstick in the air.... well it looks like a chopstick... and when we ask the women they run away. Humans are very difficult for us to fathom some times so any help Lola could provide would be greatly appreciated. See you all soon The Nanos.