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Strategies & Market Trends : Steve's Channelling Thread

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To: Zeev Hed who wrote (19653)	7/3/2001 11:39:48 AM
From: JRI	Read Replies (1) of 30051

I do agree...sentiment indicators were not at extemes (marking a bottom)..that's why April was not THE BOTTOM...however, the stochastics I follow usually rally hard when daily/weekly, SnP/Naz are lined up...like what happened in April I think its too easy here (limited trading) for the criminals to keep this up today, and I fully expect a gap up Thursday morn....but I don't see the will to drive this higher (above downtrendline from recent highs)...OK, maybe we get a headfake....but everything I watch is saying down for NEXT week...and a turn by the end of this week. That why I find it wild that Zeev is calling for up next week....hence my post..thanks for your thoughts..

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