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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 (1611)3/26/2001 7:04:13 PM
From: Shaw  Read Replies (1) | Respond to of 5144
 
Hi Shack,

Ya, the TSX had the news report in the Globe that maybe the end wasn't next week. I thought they would do something in that regard that would give it a pop, but I thought they would release something with the Alcatel deal. That would give the market confidence for sure and pop 'er, imo, but not yet. Beware, tho, imo. Todays move was purely retail. If there was some bigger action I would have played, but they are still on the sidelines, imo.

Regardless, I am watching some for chart moves like the TSX. Take a look at last Thursday. There was real panic when it got smoked down to 3.60CDN. I traded it three times in that area and I was scared out of my wits each time. Relentless bid hitting, almost like a "it's goin under" mentality. I wish a few others would look like that, then I'd think we were even closer to a bottom.

I watched a few of the Semi's today. OUCH!!! Some ugly charts a happenin fer sure. Are you short it???