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Strategies & Market Trends : Steve's Channelling Thread

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To: anandnvi who wrote (2263)6/10/2000 2:14:00 PM
From: Zeev Hed  Read Replies (1) of 30051
 
Annand, 50% retracements are actually the "norm". Note that as the prices on the NAZ vault higher, the volume gets lower (last Friday just a tepid 1.2 MM, the lowest I believe since this rally started late in May), this with a put call ratio in the basement and the MAX pain level for expiration at much lower prices, indicates to me that next week, it will be safe on the sidelines.

Zeev
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