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Strategies & Market Trends : Ahh Canada - 2 out of 3 ain't bad -- Ignore unavailable to you. Want to Upgrade?


To: Cush who wrote (205)12/6/2000 9:37:21 PM
From: Davy Crockett  Read Replies (1) | Respond to of 5144
 
Hi Cush,

I added some more KCA today too! (in the A.M)

Interesting chart on VRK (tse) I'm going to keep a close eye on it.
BTW, I bailed out of KHD (tse) yesterday. Too thin a trader for my liking... besides the chart doesn't look that great anymore. The RSI is starting to turn up, so I might be a little bit premature in my exit BUT, that 200 day MA is a long way away (@ the 1.50 area) & I don't like all those black candles.
stockcharts.com[L,A]DACAYYMY[PB5!B10!B200!D20,2!H.02,.20!F][VC60][IUL14!LC20!LD20!LE12,26,9!LB14]

Another very interesting chart is FN on the TSE
stockcharts.com[L,A]DACAYYMY[PB5!B10!B200!D20,2!H.02,.20!F][VC60][IUL14!LC20!LA12,26,9!LH14,3!LB14]

The ADX just crossed the -D1 to indicate that a nice, strong trend is developing.

Both the RSI & the Slow Stoch are oversold, however, it is my understanding that the Stoch can remain oversold on a strongly trending stock. (Stoch is an oscillator)

As you can see from the P&F chart
stockcharts.com
FN is just about to break through the Bearish resistance line (BRL), the red line(+) trending down from the top @ 35.00. Very bullish if it succeeds on breaking through to the other side. <LOL>

Regards,
Peter



To: Cush who wrote (205)12/6/2000 10:03:55 PM
From: Davy Crockett  Read Replies (1) | Respond to of 5144
 
Hi Cush,
I thought I would add the P&F chart for KCA on TSE
stockcharts.com

If you were to draw a trendline from the last "O" $2.50 to the "O" @ 4.75, a large triangle will appear. So it looks like KCA's moment of truth will be arriving pretty soon as we are close to the apex of that triangle. Hopefully the break will be in the right direction (for us longs). Otherwise we might have to be very nimble with this one... if it breaks in the "wrong" direction.

Regards,
Peter