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Strategies & Market Trends : Steve's Channelling Thread

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To: Jerry Olson who wrote (24324)	8/16/2001 7:29:30 PM
From: westpacific	Read Replies (2) of 30051

Jerry, we have not seen total bottom on the cycle bands, should be choppy for a day or two more. After that the bounce is hard to call, it could be a sideways type of trade or a little upwards. Many stocks will not get far, that is for sure, as they will be met by heavy selling on all rallies. The bigger lows should come in late September to early October. It is getting a little tricky in here to look to far out - and besides it is more on a stock for stock basis. Need to do more charting this weekend to see what I can see in the cycles and the charts. Will report my findings here over the weekend. Been a great week for me on the short side - still holding a basket as I could see a nasty Friday/Monday scenario developing. But getting a bit late to commit short now, the ones I am holding have a nice profit so willing to roll the dice and take a little chance. This weekend my research will be finding what to play long and what looks the most oversold. We all need to work together more than ever now and stop blasting one another, it is time for the SI community to really come together for the benefit of all! All the best West

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