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

To: Cogito Ergo Sum who wrote (1804)	4/3/2001 6:49:40 PM
From: Davy Crockett	Read Replies (1) \| Respond to of 5144

Hi KastelCo, hehehe... 'K swimming against the tide, I wonder how long they hold out LOL Ya I'm forever the optimist...if there was only a ounce of water left in an empty glass, I would pour it into a shot glass & declare that the glass is half-full not half-empty. <ggg> Hey did u get a chance to check out the action on MCL on the NYSE? Somebody did 3 crosses around 11:30am. hourly chart MCL on the NYSE (mcl.to) stockcharts.com[w,a]eicayymy[d5][pc4!c9!c18!c200!h.02,.20!c50!f][vc60][iut!Ul14!Lc20!La12,26,9!Lh14,3!Lb14] Note that a "buy" signal was generated a couple on Mar 30 around 11:00am when the four crossed both the 9 & 18 eam, also note the cross-over of the +D1 over the -D1 @ the same time. IMHO the buy has not yet turned into a sell. Especially considering how well it held up today. Daily chart MCL.to stockcharts.com[w,a]dicayymy[dc][pc5!c21!c50!c200!h.02,.20!f][vc60][iut!Ul14!Lc20!La12,26,9!Lh14,3!Lb14] On this chart a 'buy' signal occured today, when the 5 day ema crossed over the 21 day ema, also note the SAR & the +D1 crossed over the -D1. CMF has just turned positive & finally Macd supports the other indicators (histogram is positive) & just below 0. In this market I will wait to see if does cross above 0. I will also wait to see if the ADX confirms the other indicators. It would have to do that by thrusting up through 20 (thereby indicating a new up trend is underway) Negatives: Low volume If anybody wants to educate me about patterns or trendlines I'm listening. All the above IMHO & of course BWTFDIK I was very tempted to buy it today... but I thought that caution might be prudent LOL Regards, Peter