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Strategies & Market Trends : Steve's Channelling Thread

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To: Zeev Hed who wrote (24836)	8/21/2001 2:19:10 PM
From: Logain Ablar	Read Replies (1) of 30051

Zeev, George & Thread: On the ARMS index reaching 1.5 for the second time this year (with the 1st being on or about March 22, from memeory so I can be off a few days). In past this has signaled a bottom is in place within 20 market days and one can expect a solid move off the lows. Also note in 87 the market crashed after the signal. So all I'm saying is this bottom should be in within 20 days from Friday if the past is any indication. Note this is only one indicator but a pretty good one. Of course we can still have a good drop like 87 to put in the bottom (like Zeev has pointed out the last drop in a bear market is typically the sharpest). With all the complacency still around it can happen. Zeev it was you and I (in private I believe) where you pointed out in these markets the indicator may and in all likely hood trigger twice). We discussed this a few times and not sure if any of it was in public. Hays has been bullish thru all the declines this year and only went negative in March about a week before this signal and he then went bullish again. I assume he's been bullish thru this. George in July he upped his tech allocation to 14%. Has this increased? Tim

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