Steve's Channelling Thread Message Board

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Strategies & Market Trends : Steve's Channelling Thread

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To: Zeev Hed who wrote (22739)	8/2/2001 10:20:32 PM
From: Rick Storm	Read Replies (1) of 30051

Zeev, dont you think the unemployment numbers tomorrow will make or break this rally-- if the consensus of 4.6% is beaten then dont you think we could over a few days breach 2150-- what is is puzzling if the rally is real is the bland put call numbers and the vix and vxn which have not come to the top of their bollinger channel; this suggests to me that these contrary indicators may have lost their predictive power due to the prolonged tight trading range in recent months; and a break up ; atleast a bear rally till valuations once again become an issue, can easily occur with no negative consensus in place.

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