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


To: Dexter Lives On who wrote (4156)2/12/2002 9:37:08 AM
From: Cush  Read Replies (1) | Respond to of 5144
 
Hi Rob. Been watching some of the Olympics. Watched the Figure Skating last night. A farce, as usual.

I'll take a look at Nortel, later today. I'm sure you know that in addition to the CFO news, they've got a caution out today, about guidance, I think.

I do not have a position, at this time.

Cush



To: Dexter Lives On who wrote (4156)2/12/2002 10:33:33 AM
From: Cush  Respond to of 5144
 
<font color=red>Nortel NT on TSE

Rob, looks like Nortel's charts were signalling a sell from about mid-January.

Nortel Weekly
stockcharts.com[e,a]wallyiay[df][pb20!f][vc60][iud20!ub14!ll14!la12,26,9!lp14,3,3!lc20][J2755242,Y]&listNum=6

In those weeks just after 9-11, I was watching and using the Daily charts, but as we've reached this period (as I see it) of overall market uncertainty, I've been more focused on the Weekly charts, like those I pointed out in the Weekend Index Review.

There are three signals marked on the price line of this Weekly chart.

Sell signal - September 2000 - at just over $100.

Buy signal - November 2001 - at around $10.50

Sell signal - late January 2002 - at around $10.75

I'm just guessing at those prices.

It was lucky (heavy irony intended) for fund managers that Nortel rallied in December, saving them from having to report the prior-to-that losses in mutual funds.

I've enclosed the last non-trending period for the ADX.
Sell signal, from the Stochastic, there too.

On the Nortel Daily
stockcharts.com[e,a]dallyiay[dc][pb20][vc60][iud20!ub14!ll14!la12,26,9!lp14,3,3!lc20][J2755450,Y]&listNum=5

I've left a message that I wrote to myself in January.

There were abundant sell signals.

Cush