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Strategies & Market Trends : Steve's Channelling Thread

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To: Zeev Hed who wrote (28777)	9/26/2001 1:11:09 PM
From: dwayanu	Read Replies (1) of 30051

No still on, we have to breach last week lows for these to be undone. Last April, we had the same thing, within a week we went and retested (but not breached) the lows. On the other hand, following the March 22 DOW low which we all felt was a good low at the time, the Naz came back 10 % (1800->1980, versus 1390->1530 this time?) before dropping 20% into the April 4th low (1980->1630, versus 1530->1230 this time?) . Daily OHLC charts look sort of similar this time around, and we're moving into the first week of a new quarter with bad earnings, like back then. - Dway

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