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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 (2456)5/17/2001 8:15:30 PM
From: Cush  Read Replies (1) | Respond to of 5144
 
Hey Shack. Ya, Certicom came up on one of my scans this evening, too.

Bounced back up through the 20 day Moving Average.

I had been thinking of posting an example of what I'm seeing in a bunch of charts, including the Nasdaq.

stockcharts.com[w,a]dallyimy[dc][pb20][vc60][iUd20!Ub14!Ll14!La12,26,9!Lp14,3,3!Lc20]

Looks like the Stochastic bumped into something as it was falling.

Still pretty unpredictable markets, for me.

Maybe I could see it better if I was riding on top of one of those waves. <ggg>

Cush



To: Shack who wrote (2456)5/18/2001 11:40:07 AM
From: Cush  Read Replies (2) | Respond to of 5144
 
Hey Shack. I've been thinking about the nature of the trading we've been seeing, in Canadian stocks. In particular, some issues that have been enjoying good gains this month have surprised me.

Took a look at the TSE, top 20 Short positions, as of April 30th.
tse.com

Interesting how many of these have been coming up on my scans this month, with bullish indicators.

There will be a short position list issued for May 15th.
I'll be looking to see if a lot of these positions have changed significantly.

If so, with the very limited volumes I'm seeing in many issues, it makes me wonder if we are seeing short-covering mostly. Perhaps the buyers haven't arrived, yet.

What do you think?

Cush