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Strategies & Market Trends : 123 Trends and Reversals -- Ignore unavailable to you. Want to Upgrade?

To: Michael Watkins who wrote (66)2/3/2001 1:44:49 AM
From: Ally  Read Replies (1) | Respond to of 147
 
It is tough trying to determine the end of a retracement. Today, when QQQ was down $2, I could have sworn from the 5 minute chart that it was about to reverse. Bought it, only to see Nasdaq turned down and QQQ dropped another $1.50. However, I feel OK. As a swing trader, I have time on my side, and would hold unless the trend reverses i.e. fail support test of 2500.



To: Michael Watkins who wrote (66)2/5/2001 12:32:36 PM
From: Ally  Read Replies (1) | Respond to of 147
 
Hi Michael,

Would you consider CP/TSE as parabolic? It's been hot the past week, after releasing record earnings and with news of possible diversification. I'm thinking of letting it go in my RRSP and picking it up again. Just let me know what you see in your chart... no blame, no shame :-) Thanks.


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