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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 (3995)	1/15/2002 1:08:12 AM
From: Michael Watkins	Read Replies (2) \| Respond to of 5144

Weekly Charts trendvue.com Despite the pullback in tech, and even the S&P500, a downswing has still not been triggered on the weekly charts. Unless the market is getting ready to fall off a cliff here (and very soon), its likely that some of the pullback will be retraced... although 1/14's intraday action might have been all the retracement for all we know. Daily charts trendvue.com The TSE 60 has set a lower swing low already on this pullback; the S&P is close to that point and will likely test on Tuesday. The next few days are quite critical as the outcome of the test of the range defined on the daily charts may result in a change of longer term trend (not just this pull back) (to down) or another meandering within the range with perhaps test at the top end of the range at some future point. Although the potential for bad news, coupled with the topping action in most of the momo names; and ugly charts in the non momo names, seems to suggest that a test of the range bottom will fail - still, all sorts of diabolical scenarios can play out here. One day at a time... stops in place...

To: Cush who wrote (3995)	1/15/2002 8:57:12 PM
From: Cush	Read Replies (2) \| Respond to of 5144

<font color=green>The Indexes - Tuesday Chart signals are updated on my web site, under Index Charts. www3.sympatico.ca Index Update Index Period - Weekend \| After Monday \| After Tuesday Dow Weekly - Hold \| Hold \| Hold Dow Daily - Hold \| Sell \| Sell Nasdaq Weekly - Buy \| Buy \| Buy Nasdaq Daily - Buy \| Hold \| Buy TSE Weekly - Buy \| Buy \| Buy TSE Daily - Buy \| Sell \| Sell Gold Bugs Weekly - Buy \| Buy \| Buy Gold Bugs Daily - Buy \| Buy \| Buy Oil & Gas Weekly - Hold \| Hold \| Hold Oil & Gas Daily - Sell \| Sell \| Sell A number of these charts are anything but easy to read. For example, the TSE300 Daily Sell Signal is just a few points away from a Buy Signal. stockcharts.com[e,a]dallyimy[dc][pb20][vc60][iud20!ub14!ll14!la12,26,9!lp14,3,3!lc20][J1082381,Y]&listNum=10 Here's the Dow Daily stockcharts.com[e,a]dallyimy[dc][pb20][vc60][iud20!ub14!ll14!la12,26,9!lp14,3,3!lc20][J1082377,Y]&listNum=10 On the Dow, notice: -the thin sell signal confirmation by the DMI lines -Stochastic moving into the oversold zone (one might expect a bounce soon) -ADX is at 13.9 and falling, so Stochastic is still the signal to watch -but if ADX turns up, indicating the start of a new trend, it'll be time to watch the MACD, and the MACD is falling (bearish) -Chaikin Money Flow is negative. For my part, I take these as indications that a great deal of caution is warranted. Cush