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Strategies & Market Trends : Steve's Channelling Thread

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To: bobby beara who wrote (17349)	6/8/2001 7:25:36 AM
From: Zeev Hed	Read Replies (1) of 30051

I think we are saying the same thing, without volume on the upside, without expansion of the new highs and the A/D, the bulls do not own that market, it is indecisive, and thus any bump in the back ground can bring it down sharply. This is typical of a transition market, we already had few signs of a turn in the general psychology (few dotted days with NYSE tic above 1000, but never a sequence, a true sign of the bull), but momentum, I do not think we have. If it is a bull it is sinewy and quite fragile. Zeev

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