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Strategies & Market Trends : Steve's Channelling Thread

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To: Zeev Hed who wrote (1359)	5/2/2000 10:40:00 AM
From: mishedlo	Read Replies (1) of 30051

Zeev, Another contrarian view from Greg Mullineaux today. Comments? =================================================== Wimpy selling (so far), that's what I call this mornings action. I like it, shows to me that we can have some selling from the traders and others that still have the fear of the drop in their minds and not have it turn the market downward again. If we have few days like today and the market recovers each time or at the end, I would have to say the bottom is firmly in place. Stocks with compelling stories that are putting up the numbers, will be rewarded going forward. I always find selling more telling in the market then buying. Every sell-off is a window to look through to see the underlining health of the market. Greg

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