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Strategies & Market Trends : Steve's Channelling Thread
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To: Zeev Hed who wrote (1389)5/3/2000 11:33:00 AM
From: rfisher  Read Replies (1) of 30051
 
Zeev, last month we saw three significant lows (4/4 3649; 4/14 3265; 4/24 3345) in the NAZ. Is it just pure coincidence that these three dates occurred in ten-day patterns?

I think you have stated that this month we will see three periods of progressively lower lows. From a TA perspective, is there a means to predict the timing or spacing of these three lower lows?

Finally, the three rallies that followed the April swoons were very pronounced (for instance SNDK rising 56% in three days following its 4/4 low). Do you see rallies of similar strength following the three May lows?
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