TSX:TECK.A - Post by User
Comment by
CashCow23on Mar 16, 2009 10:39pm
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Post# 15848467
RE: MACD ~ 50 and 100 day crossing over
RE: MACD ~ 50 and 100 day crossing overGood points everyone but i still dont see it.
I agree with Falco, market went south and quickly at the end. This is a perfect indication that the last few days were a bear rally. However, i think that the financial are the ones that will suffer the most if that is the case. Commodies are still staying strong and will not have the same pull back as the banks.
Overall, the picture is still dirty, think of it this way: Does anything motivate you to buy this stock at this level? I am biased because i got my 4.70 out at 5.45.
MAJOR POINT HERE: If tomorow we see weakness in the overall markets, SELL SELL SELL. We have learned that this is a very fragile market and trialing stops or stop losses have been set. Just my opinion. Futures will tell half the story.