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


To: Cush who wrote (2257)4/24/2001 6:48:08 PM
From: Shaw  Read Replies (1) | Respond to of 5144
 
Hey Cush,

What about that 360 action today?? What an ugly day chart.

I have some thoughts FWIW.

Checked the chart from last month. Perfect hammer bottom set last time on the day it hit 3.65. Ran to 6.95 from there in three sessions.

Looking for the same tomorrow and I will load up near the end of day if it appears we are heading for a doji or hammer bottom (even w/o confirmation). Some real bullish buying around 2PM could be a signal. I will also ignore the COMP with my purchase of it (if I do then) as it has had little effect on the TSX trading, imo.

If you have time maybe check out the chart and see if you can help me out.

Regards.

PS: The last jump occurred when Goldman stayed away from both the buy and sell side. I'll be watching to see if they are non-existent tomorrow.