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Strategies & Market Trends : Steve's Channelling Thread

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To: Rich1 who wrote (13278)3/19/2001 4:48:04 PM
From: Zeev Hed  Read Replies (3) of 30051
 
That could be, but it will only serve to "solidify" the bottom here. For an hour or two thios morning i was worried that the low of last Friday will not hold, but it did, and it is developing so far relatively well. If we get another +1000 tic this week on the NYSE, I'll have to readjust the turnip scenario and call today's low as "THE LOW" for the next six months, and thus probably a year. That will call for modification of the scenario as well and bring into the picture no major retreats up to 2650, but we need that second very positive tic for that to happen.

Zeev
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