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


To: Bruce A. Thompson who wrote (10388)1/21/2001 8:52:39 PM
From: cellhigh  Respond to of 30051
 
stocks had quite a run,the major trend is in jeopardy,if not broken.of course we can see a pull back,look where it came from 3 weeks ago!some of you channellers should really be putting some long term doe to work here as you will miss much via trading taxes fee's.imo its time to take the train.
im not even sure we'll stop at 3000.looking @the charts we could do 3500-4000.i hate to say it but my only basis for not stopping @3000(the chart says we should)is that everyone expects it.since the fed changed... market is positivly biased which turned my opinion.simple as that,now lets see if it listens...lol