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


To: Davy Crockett who wrote (983)3/10/2001 8:42:11 PM
From: Shack  Read Replies (1) | Respond to of 5144
 
Hi Pete, I was in T.O. this week. Reminds me why I left in the first place. Back in Van now and just took the puppy to the beach for a romp. Watching a little HNIC now, Leafs are in town tonight for a whipping.

I'm just looking for bounce candidates right now as eventually we are gonna turn this pig for a nice bear rally, and we get closer everyday. They need to be oversold and have a good history of power moves.

I'm also looking for positive divergences in the MACD which we may be getting on JDSU. It has just recently warned so there is less likelihood of any further surprises in the very near term.

HOWEVER!....I am not going long until we get a retest of whatever low we eventually hit on the Nasdaq, or a higher low.

If the low comes this week, then the retest/higher low likely won't happen until next week.

Just planning ahead. Also looking at ADBE,EMC,JNPR,BRCM and a few others. They all look the same though.