Steve's Channelling Thread Message Board

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Strategies & Market Trends : Steve's Channelling Thread

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To: Rick Storm who wrote (22999)	8/5/2001 9:46:50 PM
From: Zeev Hed	Read Replies (3) of 30051

I don't know how you reached that conclusion, maybe my being "English Challenged" caused this misunderstanding. I thought I was quite clear in stating that in my opinion, the last few months have been distributory. I can accept the bulls' interpretation that this "consolidation" was accumulation, but until we breach the May 22nd high, and stay above it (thus causing the 2250/2300 area to become support), I am sticking with the opinion that the last three months were distributory, not accumulation. Zeev

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