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Strategies & Market Trends : Steve's Channelling Thread

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To: The Freep who wrote (26602)9/8/2001 3:44:28 PM
From: westpacific  Read Replies (3) of 30051
 
Yes Freep, a few days to 1/2 a day.

Revised targets are as follows:

DOW 9200
NAS 1600 to 1610
SP 1050

What I like the most is these will be new lows and draw in the shorts - which will be the wrong call. It is setting up perfect for the PROS to crush the new players in this game.

But the above targets could occur in 1/2 a day. So I want to focus on catching solid long entries and not worry about running around covering shorts for a little extra spar change. Thus the call to cover a little early and focus long.

But the TRIN, VIX and other indicators are all lined up IMO, and cannot be ignored.

All the best

West
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