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Strategies & Market Trends : Steve's Channelling Thread
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To: Bosco who wrote (6048)10/10/2000 4:00:06 PM
From: Zeev Hed  Read Replies (3) of 30051
 
You are right, here we are five minutes from the end and no visible "bump", but despite the fact that the tic is still -600 or more, the trend has just crossed 1.00, and that is a welcome divergence, at least short term. I would have preferred to see the tic as low as -1300, but we got close enough to -1200, so for the time being I am turning mildly bullish, thus the redeployment since the tick hit the extreme, and started turning.

Zeev

In edit, got out of VECO again for $2 profits (out at $70), $14 more to go.
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