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Strategies & Market Trends : Steve's Channelling Thread
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To: Zeev Hed who wrote (19563)7/2/2001 12:45:23 PM
From: TRINDY  Read Replies (1) of 30051
 
Zeev, the dow is looking pretty good at present. A close at present levels will have my signal in buy territory. The dow was the laggard in my system of signals. Thus, I'm somewhat bullish for the very near term.

In the last three years, the market has peaked in mid-July and then corrected. I'm thinking the pattern might be about the same this year. Some cycle guys are looking for a peak at about that time, too.

It will take only a minor indication of an overbought condition to get me out of this market. It's not that vibrant, anyway.

Thanks for your continuing contributions to various threads.

Cheers!
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