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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 (2260)	4/24/2001 9:22:21 PM
From: Cush	Read Replies (2) \| Respond to of 5144

<font color=green>360 Networks TSX on TSE www3.sympatico.ca Hey Shaw. Ya, I was watching that action on 360. Just brutal. I do not have a position here. With the looks of this chart, I'm unlikely to have a position here soon because I have no idea where it's going from here. You'd think it'd bounce but playing this is like dancing with an elephant. He always wants to lead, he has big clumsy feet, and if he steps on your toes, it's really going to hurt. <ggg> In other words, I'd be cautious. Like you weren't planning to be, right. I put a few notes on the chart. Looks like MACD may be turning down, and Stochastic is trying to go through the bottom of the chart. It's not good. I've also noted a few of the past sell signals, for anyone looking at the chart. And, I showed that in the last trending period, with the rising ADX, the MACD was downtrending. When ADX signals a strong trend, it's not always an uptrend. In fact, lately, it's hardly ever an uptrend. I'm going to be away all day tomorrow. A totally flat day would do just fine. Good luck with this. Cush