SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Steve's Channelling Thread
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Dale Baker who wrote (17547)6/11/2001 4:17:38 PM
From: Zeev Hed  Read Replies (2) of 30051
 
Low volume on decline often leads to "Chinese Torture", the market drips down very slowly. When the volume increases on decline, a climax "may" be closer. The more important thing is to see increase volume on counter trend rallies", which we did not see. As for the credibility of the sales pressure, just look at the trin, the Naz trin stayed above 2.5 even during the last two hours mini rally. More important, we still had that divergence between trin and tic on the NYSE, where TRIN was well above 1.2 despite bouts of positive tic on the NYSE. Namely, more volume in declining stock than in rising stocks. I would say that selling is quite credible, and probably not over.

Zeev
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News