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


To: Shaw who wrote (2115)4/18/2001 11:51:54 AM
From: Cush  Read Replies (1) | Respond to of 5144
 
Hey Shaw, I'll post a chart to my site later. For now,

last night I was calling it a cautious hold.
On yesterday's chart the Stochastic was getting high
but the DMI lines looked like they could go either way.

Today,
stockcharts.com[w,a]daclyimy[dc][pb10!b50!b200!h.02,.20][vc60][iUd20!Ub14!Ll14!La12,26,9!Lp14,3,3!Lc20]

+DI has crossed the -DI. This is usually a bullish sign.

Stochastic is getting higher and entering the overbought zone.

Question is, will the ADX line turn up, indicating the start of a new trend, and making the MACD, the more reliable indicator?
If this happens, the chart will look quite bullish, IMO.
If not, we could see a retracement.

My opinion, and five bucks, will usually buy you a beer in most bars in Canada.
So take it for what it's worth.

Cush



To: Shaw who wrote (2115)4/18/2001 9:53:54 PM
From: Cush  Respond to of 5144
 
<font color=green>Wi-LAN WIN on TSE

www3.sympatico.ca

I do have a position here.

Well Shaw, like a lot of these charts, it's looking good for now but it's not completely clear where it's going from here, IMO.

That +DI cross over the -DI could be a very good sign.

On the other hand, the Stochastic is getting up into the overbought zone.

Worth watching, IMO.
As we know, it can move up in a hurry.

Cush



To: Shaw who wrote (2115)4/19/2001 12:59:16 PM
From: Cush  Read Replies (3) | Respond to of 5144
 
Hey Shaw. I just increased my position in Wi-LAN (I think. No confirmation, yet.) based on the news announced today, and last night's chart.

Here's a link to the Wi-LAN thread.
Message 15688121

Cush