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


To: Crimson Ghost who wrote (13228)3/19/2001 10:12:37 AM
From: Jeff Guy  Read Replies (1) | Respond to of 30051
 
SPX looking very nice on the 10 minute, right now anyway.



To: Crimson Ghost who wrote (13228)3/19/2001 10:16:30 AM
From: JRI  Read Replies (1) | Respond to of 30051
 
George, with the Fed meeting tomorrow....and the potential for major downside if Fed only goes 50 BP, or even a "yawn" if 75 BP occurs.......and given Hays has a 4 day window for bottom....

Doesn't seem like a clear indicator to buy here to me...

I'd think a panic bottom within the next 4 days would be...



To: Crimson Ghost who wrote (13228)3/19/2001 10:53:02 AM
From: avanti77  Read Replies (1) | Respond to of 30051
 
George, I get the Hays report too, and I'm trying to read between the lines here.

<In the past this always always signaled a MAJOR bottom within 20 days and usually within 4 days. >

Are you reading this to mean that we get one big sell-off day, and that's the point at which the buy signal is triggered? This is my short-term interpretation, and I'm still waiting to put cash to work.

TIA for your opinion,
Donna