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

To: Zeev Hed who wrote (5889)	10/5/2000 7:47:32 PM
From: mishedlo	Read Replies (1) \| Respond to of 30051

It did not and yes you can - ggg It took a horrid Naz to hold it down IMHO However right is right and you were (as usual) right. Comments on the following observed action please.I watched the BU$$ all day. Immediate rise to about 86. Every time it dropped to 83 there was immediate buying and a small but quick jump in price. Happened 4 times I think. Every time it hit 85 buying stopped. Do you have a feel for what this means. Is it quiet accumulation? This could not be distribution could it? What is interesting is that it is happening at the top of the range instead of the bottom for a change. Or am I reading too much into nothing.