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Strategies & Market Trends : Steve's Channelling Thread

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To: TREND1 who wrote (22697)	8/2/2001 3:30:09 PM
From: Jdaasoc	Read Replies (1) of 30051

RE http://www.geocities.com/larrydudash2002/index.html Can you reproduce this chart going back 90 or 180 days. How many times has chart hitting upper limit of channel been like touching the thrid rail of the subway. I am not going to agrue with your charts just possible interpetation. I was going to assume that this mornings unemployment numbers would have given broad market some legs but S&P has gained 13 pts in 6 sessions. If we weren't in a bear market, I would be very encouraged about prospects for next 6 sessions. NAZ and NYSE trins at 0.99. It's time to show me more than marginial short covering going on. I do not see anyone establishing LT positions from cash. john

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