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

To: Logain Ablar who wrote (5296)	9/20/2000 6:34:25 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 30051

Tim, I completely agree with you, we still have a sell signal in the Dow theory, and that was not removed by the breakout from the diamond formation of the Dow, furthermore, the tranie have now gone below the June/July lows and that is a dangerous sign (thus my rapid reduction of exposure to about 50% cash). Yesterday, when the Dow held above the 10750 and the Naz should very good internal strength, i thought that the Dow will follow the Naz up, but with the failure of 10750 on the Dow, the probability that the Naz will follow the Dow has increased, IMHO. Zeev