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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 (2083)	4/13/2001 11:03:36 AM
From: Tom McIlwain	Read Replies (1) \| Respond to of 5144

The Ameritrade index has retail investors selling into this rally which is another contrarian indicator for me. Could you tell me if there is a source (free of course) on the internet where I can look up this information? For what it's worth, my somewhat shorter view of the NASDAQ is that any pullback will be a buy until the 50 day EMA has been hit. This usually provides resistance on the first test. From then on, it is best to just watch how things progress. If a second test pushes through successfully (or even if the first does), then both fib retracement levels and the 200 day moving average will be worth watching I think. Just my best guess at this point. Tom