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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: I. N. Vester who wrote (3713)7/27/2000 8:42:46 PM
From: Zeev Hed  Read Replies (2) | Respond to of 30051
 
I.N. right now what I see is a market that has not held support, an important one, and that, without a selling climax. I'll be looking at the 3400 for some support and if that does not hold, possibly a new low on the NAZ in the 2385 to 2950 area (the gap from late 1998). I will change my opinion once I see extreme pessimism, such as extremes in the put/call ratio and particularly in the tick and trend.

Zeev


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