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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 (4228)	3/2/2002 7:41:07 PM
From: kirby49	Read Replies (2) \| Respond to of 5144

Cush: I'd be happy to hear ideas based on the Technical indicators in these charts. you asked for it , you got it (toyota)...<GGG> stockcharts.com[e,a]dallyimy[dc][pb20][vc60][iud20!ub14!ll14!la12,26,9!lp14,3,3!lc20][J1338946,Y] Coiling pennant, upside breakout expected as your weekly chart shows major trend being up. As for the buy signals of the indices, well as long as one is aware that to go long is against the long term trend still in effect. Beware bear traps for they tend to take the legs right off unsuspecting bulls. Of course you know all this as you have been exercising caution here for many months. As well you know I'll go one step further and say that one man's buy signal is another's sell and we could be coming up to one of the greatest shorting opportunities of all time. Now it's time for someone to come and tell you to not listen when a bear whispers in your ear<GG>. Regards Bob

To: Cush who wrote (4228)	3/3/2002 1:56:05 PM
From: Cush	Read Replies (1) \| Respond to of 5144

<font color=green>Comments about the Weekend Index Review The Dow Industrials On the Daily Chart, the break above the 10,260 resistance is clearly bullish. The Buy Signal (20 day MA) was confirmed (DMI) about a week ago. ADX starting to rise, suggesting the MACD is the indicator to watch, and the MACD looks bullish. Stochastic is up in the overbought zone, but it could nest up there, and the rally could continue for some time. Chart looks bullish to me, with nothing to suggest (in this chart) we're at the top. On the Weekly, we're clearly *still* well-within the narrower of the two downtrend channels. As I see it, we've got to clear 10,500 to break above the inside (blue) channel, and go above 11,000 to break above the two-and-a-half year (red) downtrend channel. Seems a little early to be getting all bullish, to me. Yes, we've just had a Buy Signal. The MACD and Stochastic both did abrupt bullish turns last week, based on .... something, I guess. This must have been good news for the funds who are desperate for new money. Investors better get in there fast because this is going to the moon. I'm sure that's why we're hearing there's been a lot of Insider Selling. The CEOs are just trying to give everyone else a chance to own these wonderful, undervalued stocks. I think there's a whole lotta spin going on. I'll be happy if it works and a sustained rally ignites. It's much easier for me to make money in a predictable, bull market. The Nasdaq Composite On the Daily, price is right at the 20 day MA. This may be resistance, so price may bounce lower again, but if it continues to rally on Monday, price will get some distance above the 20 day MA, and it will become support. A DMI confirmation of a Buy Signal has not occurred, yet. ADX falling, Stochastic rising. CMF persistently negative. If the ADX and MACD both turn north, I'd look to re-enter some tech positions. For now, I'll wait for the chart to evolve further. On the Weekly, the first thing is that the Sell Signal is intact. Price is below the 20 week MA and +DI is below the -DI. 1720 support held. ADX appears to be rising and MACD appears to be falling. That's bearish and it makes me want to be very cautious where tech is concerned. The TSE300 On the Daily, we clearly broke up out of that downtrend channel. That's bullish. Price and DMI are giving a Buy Signal. ADX seems to be rising and so does MACD. That's bullish. The only concern I see on the chart is that Stochastic has risen into the overbought zone. If the ADX continues to rise, I'd ignore Stochastic for now. Look to the MACD for signals. On the Weekly, there's been some indecision showing. Sell, no wait ... buy. The indicators have that abrupt turn last week. That's unpredictable and therefore the chart is unreliable, for now. With the TSE300 blend of financial, technology, gold, and oil stocks, we may be in for more abrupt swings. I think I'll wait for this to evolve further, as well. Cush

To: Cush who wrote (4228)	3/4/2002 7:16:40 PM
From: Cush	Respond to of 5144

<font color=blue>The Indexes - Monday Chart signals are updated on my web site, under Index Charts. www3.sympatico.ca Buy Signals across the board, except for one, lonely Sell Signal, still hanging on - the Nasdaq Weekly. I have chosen to call this a Buy Signal on the Nasdaq Daily. stockcharts.com[e,a]dallyimy[dc][pb20][vc60][iud20!ub14!ll14!la12,26,9!lp14,3,3!lc20][J1082384,Y]&listNum=10 You can see, it is the thinnest possible DMI confirmation. Looking at this Dow Weekly, that I mentioned this afternoon, price is right up against the inner descending channel trend line. stockcharts.com[e,a]wallyimy[df][pb20][vc60][iud20!ub14!ll14!la12,26,9!lp14,3,3!lc20][J1399024,Y]&listNum=10 When a chart reverses abruptly, like this one did a week ago, I'm reluctant to trust it for awhile, so I'm staying cautious. Note that a retest of that lower red trend line takes us, right now, to about 9,200. Isn't that somewhere close to the drop my friend Shack, the surfer, has predicted? With that trend line dropping as we go, a retest would likely be at 9,000 or lower. But that's never going to happen. Right? Cush

To: Cush who wrote (4228)	3/5/2002 7:35:32 PM
From: Cush	Respond to of 5144

<font color=green>The Indexes - Tuesday Chart signals are updated on my web site, under Index Charts. www3.sympatico.ca Still that lonely Sell Signal on the Nasdaq Weekly. Otherwise, Buy Signals everywhere, except for the Gold Bugs Daily. It has slipped into a Hold Signal. Extremely treacherous markets out there. Feel like I'm walking on hot coals, most of the time. Cush

To: Cush who wrote (4228)	3/6/2002 4:49:15 PM
From: Cush	Respond to of 5144

<font color=blue>The Indexes - Wednesday Chart signals are updated on my web site, under Index Charts. www3.sympatico.ca Buy Signals across the board again, as the Gold Daily bopped back into a Buy Signal, except for the Nasdaq Weekly. Nasdaq Weekly still showing a Sell Signal. stockcharts.com[e,a]wallyimy[df][pb20][vc60][iud20!ub14!ll14!la12,26,9!lp14,3,3!lc20][J1399089,Y]&listNum=10 I have been reducing some of my positions in stocks other than the golds. Too far, too fast, on too little, as I see it. Time will tell. Cush

To: Cush who wrote (4228)	3/7/2002 6:13:22 PM
From: Cush	Respond to of 5144

<font color=green>The Indexes - Thursday Chart signals are updated on my web site, under Index Charts. www3.sympatico.ca Gold Daily back into a Hold Signal, from a Buy Signal. Otherwise, everything's just about the same. (for that John Prine fan out there) Still one lonely Sell Signal on the Nasdaq Weekly Chart. Cush