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Strategies & Market Trends : Steve's Channelling Thread

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To: J L Segal who wrote (14445)	4/14/2001 12:42:31 AM
From: GTC Trader	Read Replies (1) of 30051

JL, Thank you very much. Very intriguing articles. Very convincing arguments that the bull is rising out of this trough ... but are they right? It seems that the bull and bear camps are both emphatic that the market is about to move strongly in their direction. I want to be on the right side when it does, but I plan to reduce and balance exposure this week until the direction is more clear. I am not familiar with jagnotes. How reliable is their commentary? What is PH-1? Have you found this to be a reliable indicator? Any comments appreciated. McClellan, for what it is worth picked 4/4 as the bottom and is now (as of 4/6) pounding the table that a strong rally is upon us and should continue through July. Would be nice. So far they seem right, but ... Time will tell. May we stay on the right side of the market for much of the move. Best regards - GTC

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