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


To: seismic_guru who wrote (1848)4/4/2001 5:09:24 PM
From: seismic_guru  Respond to of 5144
 
well short bcb 16.80 near close.



To: seismic_guru who wrote (1848)4/4/2001 7:14:10 PM
From: Davy Crockett  Read Replies (1) | Respond to of 5144
 
Hi S.G.,

I'm sorry that it took so long to get back to you; my day has been filled with meeting after stupid meeting. I was only able to take a peek @ the market around lunch time...

Looks like a great short IMHO (please bear (no pun intended) in mind,<g> that I have never intentionally shorted anything in my life. (I haven't been indoctrinated in the ways of the dark side... although Shack & Bob are certainly trying to convert me)<ggg> Just kidding... I can't short 'cause what little money I have is in my wife's RRSP

So here goes...
stockcharts.com a double bottom breakdown (bearish), very interesting to note that on the PnF chart BCB failed to punch through significant resistance @ 18.00. She turned down sharply. The stock is still in a long-term uptrend so if I was shorting this stock, I would place a stop-buy just over the last column of X's ($18) or the 2nd last column of X's @ 17.50 or so (buystop placed according to YOUR own risk tolerance & amount invested) Note that the stock has support @ $13.50 & the long-term trendline support @ $10.00 (today).

On the daily chart... stockcharts.com[w,a]dicayymy[dc][pc5!c21!c50!c200!h.02,.20!f][vc60][iut!Ul14!Lc20!La12,26,9!Lh14,3!Lb14]

S.G. looks like you really nailed this POS! Everything on the daily chart is very ominous (except CMF). As Cush is fond of saying 2 out three ain't bad LOL.

-D1 crossed over +D1 & the ADX has turned down indicating a change in trend (down in this case), Ugly candle as u pointed out, SAR has reversed, volume starting to pick up, Slo Stoc, MacD & RSI Negative...FWIW

I hope u make a killing... let me know how u do (please)

Good luck,
Peter