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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 (1502)3/23/2001 10:20:06 AM
From: Shaw  Read Replies (1) | Respond to of 5144
 
OK, I have now fallen off my chair <gggg>.

A few notes on TSX (all MO).

Beautiful bottom set with crosses and larger than average lot sizes @ $3US two days ago. Longs protected that level nicely.

Bail out yesterday may have been ST due to the bad newspaper reports and margin selling (there was some real panic, imo).

Run at EOD yesterday was definitely DT's/small shorts covering, imho.

I think if it holds the $3US price it's a very bullish indicator. If it holds the 2.688US area it's slightly bullish for the ST as well. That's where it was taking some volume and started the major breakdown to 2.35 yesterday.

Bunting was crossing a lot at 4.50 yesterday. They were the huge buyer from 7.70-8.50 last week.

FWIW, and beware, with this analysis I am only batting 3 for 6 in trades on it the last three days :(.



To: Shack who wrote (1502)3/23/2001 10:35:30 AM
From: Shaw  Respond to of 5144
 
My other (ie not dead) call stock is looking OK (DSG).

That seems like it could move to 26 or so with a nice rally, imo.