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Strategies & Market Trends : Steve's Channelling Thread

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To: stockmarket14 who wrote (22671)8/2/2001 1:33:33 PM
From: Steve Lee  Read Replies (1) of 30051
 
A battle at the Zeev line indeed. We are currently three points below it but still in the upchannel.

So on a channelling basis, I am a bull, but on the box basis (or u could call it the longer term channel) I am a bear. I would prefer to see both indicators in agreement - on volume - before I make my bets for today.

Edit - QQQ and comp just broke below the upchannel. Volume confirms becuase we had a lot of vol this am yet we are below yesterday's close.

Buying puts...
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