Steve's Channelling Thread Message Board

STOCKTALK

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 Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Pink Minion who wrote (19286)	6/29/2001 9:22:11 AM
From: Zeev Hed	Read Replies (3) of 30051

Ex, sometimes you get market indecision, or trading ranges, some call it "distribution" others "consolidation", we know only after the fact what it is, that does not mean that some of us do not have an opinion of what it is. I still think it is distribution. That is why my target top is no more than excursion above the 2250. I thought that we will "open" a new down box with a bottom at 1850 and a top at 2050, it turns out (or maybe not) that I was wrong. As for the channels, they do not necessarily have to be up or down, they can be lateral, as a matter of fact, I believe an up channel to consists of a plurality of boxes stacked above (or below) each other. Right now, I think the Naz is in a 2050 to 2250 box, and from time to times we get excursions above and below that box. We had the excursion above 2300 that lasted a day or two and an excursion under 2000 that did not last much longer. Zeev

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next