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

To: Shack who wrote (354)	1/22/2001 7:09:19 PM
From: Cush	Read Replies (1) \| Respond to of 5144

Hi Shack. I'm with you in expecting a pull back. The question is how far back. A lot of the stocks I follow have been showing overbought conditions but with MACD buy signals and bullish Moving Average crosses. In light of that, they may pause rather than fall. I figure if a stock isn't going to fall at least 10% then I'll just hold. The trouble with the action today is that by not recording and filling orders, (at least) Action Direct was distorting the trading picture. Got my blood pressure up to a nice boil this afternoon. I don't usually play these high-flyers like CLS but the chart you've linked is like so many others right now. Good MACD and CMF, nice MA picture developing, and a Stochastic sell signal. I'll add it to my watch list just to see which way it goes. As for the metals, like the oil sector, I've made a few bucks playing with both but I'm much more comfortable with the techs. Time for a break. I'm going to look at your gold link in the morning. Thanks.