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

To: Zeev Hed who wrote (4623)8/24/2000 4:21:13 PM
From: U.B. Green  Read Replies (1) | Respond to of 30051
 
Zeev, The last freight train didn't arrive. This one may! My decision is to protect capital, first! Zeev, You turned on a dime 2 weeks ago, and called this rally. We finally got that " Two Good Weeks" and it has been very good. Thank You! I may have over done it a bit because I'm at 70% cash.

Regards,
Bernie



To: Zeev Hed who wrote (4623)8/24/2000 4:54:58 PM
From: MulhollandDrive  Read Replies (1) | Respond to of 30051
 
Hi Zeev,

"I smell something fishy here"

I think I do too. But I'm not sure we are on the same page. I was expecting more of a selloff after FOMC THEN a rebound, but now the NAZ has been up 9 straight days.

bp



To: Zeev Hed who wrote (4623)8/24/2000 5:02:10 PM
From: anandnvi  Read Replies (1) | Respond to of 30051
 
Well, I smell something fishy here and expect now a decline of at least 200 NAZ points

Zeev, we closed near the high of the day on strong volume with a very healthy A/D ratio (volume and number of issues). Can you share the technical reasons why youre bearish?

Thanks in advance.

Anand


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