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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 (803)3/2/2001 9:58:48 AM
From: Shack  Respond to of 5144
 
Thanks Cush. Thats's a nice clean chart. There's a lot of emphasis being put on 10300 which would indeed be a major break should we get a close below. Realistically there is a large 2-year range going back 2 years with lower boundery of about 9900. I am watching the 10K level as it is a very visible psychological level to Joe 6-pack.

Back down below the opening gap down now. Lets see if this dumpage has legs.



To: Cush who wrote (803)3/2/2001 1:01:03 PM
From: Shack  Read Replies (1) | Respond to of 5144
 
Hi Cush, The TSE 10 year monthly chart

dshacket.homestead.com

As you can see, the greater 8 1/2 year bull market is still in place. But man was that a nasty February

We are very likely gonna test minor horizontal support at 7600 or so and if that fails, the MAJOR trendline at 7000. If that major trend line falls, then I would classify the index as going into long term bear and there will many tears and lamentations.

This of course will all take a lot of time.


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