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Strategies & Market Trends : Steve's Channelling Thread
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To: Mike M who wrote (17731)6/12/2001 11:15:51 PM
From: Zeev Hed  Read Replies (2) of 30051
 
I do not agree Mike, we are only 170 or so Naz points from the recent high at 2338 or so and a solid 500 plus points above the low. The new highs have contracted on every single new peak since the April 20th peak, (250 or so) and the last peak had only 150, even though, it was higher than the April 2oth peak. Also look at the general trend of the volume as we advanced to that recent peak, a major divergence. In normal bull markets, volume expands as prices advances, not contracts.

Zeev
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